Axis Bank Sees Surge in Active Put Options with 4,024 Contracts Traded at Rs 1,200 Strike

Axis Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The stock, trading under the ticker AXISBANK, has seen significant activity with 4,024 contracts traded, resulting in a turnover of Rs 365.652 lakhs. The put options have a strike price of Rs 1,200 and are set to expire on June 26, 2025, with an open interest of 2,600 contracts.
In terms of performance, Axis Bank has outperformed its sector by 1.52%, reflecting a strong market position. The stock has been on a positive trajectory, gaining 5.13% over the last two days, with a notable intraday high of Rs 1,224.5, marking a 2.5% increase. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend.

Investor participation has also risen, with a delivery volume of 98.39 lakhs on June 6, up 79.52% compared to the 5-day average. The liquidity remains favorable, supporting a trade size of Rs 20.49 crores based on 2% of the 5-day average traded value.

In summary, Axis Bank's strong performance metrics and active options trading highlight its significant presence in the market, reflecting ongoing investor interest and engagement.