Axis Bank Sees Surge in 3,397 Active Put Contracts at 1250 Strike Price

Axis Bank Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The bank's underlying stock, AXISBANK, is currently valued at Rs. 1262.0, having reached a new 52-week high of Rs. 1260 earlier in the day.
Notably, the put options with expiry on October 28, 2025, have seen significant trading activity. The strike price of Rs. 1230 recorded 3,100 contracts traded, resulting in a turnover of Rs. 59.675 lakhs and an open interest of 2,395. Similarly, the Rs. 1250 strike price had 3,397 contracts traded, with a turnover of Rs. 183.438 lakhs and an open interest of 1,356. The Rs. 1240 strike price also saw robust activity, with 3,416 contracts traded and a turnover of Rs. 114.2225 lakhs, alongside an open interest of 1,180.

In terms of performance, Axis Bank has outperformed its sector by 0.97% today, with a one-day return of 2.09%. The stock has been on a positive trajectory, gaining 7.6% over the past five days. However, there has been a notable decline in investor participation, with delivery volume dropping by 72.97% compared to the five-day average. Despite this, the stock remains liquid, with a trade size capacity of Rs. 19.85 crore based on 2% of the five-day average traded value.

In summary, Axis Bank's strong performance metrics and active options trading reflect its current market position, while the decline in investor participation may warrant further observation.