Axis Bank Ltd. Sees Surge in Active Put Options with 4,084 Contracts Traded at Rs 1220 Strike

Axis Bank Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying asset, AXISBANK, is currently valued at Rs 1221.9, with a notable focus on put options expiring on June 26, 2025. The strike price for these puts is set at Rs 1220, and today, 4,084 contracts were traded, resulting in a turnover of Rs 34.11 lakhs. The open interest stands at 2,156 contracts, indicating a significant level of activity and interest in this option.
In terms of performance, Axis Bank has outperformed its sector by 0.41% today, with a one-day return of 0.74%, compared to the sector's return of 0.31% and the Sensex's return of 0.34%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend. Additionally, there has been a rise in investor participation, with delivery volume reaching 33.4 lakhs on June 25, marking a 29.16% increase against the 5-day average.

With a market capitalization of Rs 3,79,044.69 crore, Axis Bank continues to demonstrate robust liquidity, supporting trade sizes of Rs 11.11 crore based on 2% of the 5-day average traded value. Overall, the activity surrounding Axis Bank's put options highlights the stock's current market dynamics and investor engagement.