Axis Bank Sees 4,149 Put Contracts Trade at Rs 1,200 Strike Price Amid Active Market

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 1207.5, just 3.35% shy of its 52-week high of Rs 1247. The stock has shown resilience, outperforming its sector by 0.68% and achieving a one-day return of 0.86%.
Today, a total of 4,149 put contracts were traded with a turnover of Rs 338.14 lakhs, indicating significant activity in this option type. The open interest stands at 4,132 contracts, reflecting ongoing interest among traders. The strike price for these puts is set at Rs 1200, with an expiry date of October 28, 2025.

Axis Bank has been on a positive trajectory, gaining for two consecutive days and recording a total return of 3.16% during this period. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Additionally, the liquidity remains robust, with a delivery volume of 1.11 crore shares on October 16, marking a 200.71% increase compared to the 5-day average.

In summary, Axis Bank's recent performance and notable activity in the put options market highlight its strong market position and investor engagement.