Axis Bank Ltd. Sees Surge in Active Put Options with 2,762 Contracts Traded

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 stock, AXISBANK, is currently valued at Rs 1195. Notably, a total of 2,762 put contracts were traded, reflecting a significant turnover of approximately Rs 497.86 lakhs. The put option has a strike price of Rs 1200 and is set to expire on June 26, 2025, with an open interest of 1,435 contracts.
In terms of performance, Axis Bank has outperformed its sector by 0.45% today, marking a trend reversal after two consecutive days of decline. The stock's price is currently above its 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day moving average. Despite this positive movement, investor participation has seen a decline, with delivery volume dropping by 22.23% compared to the 5-day average.

The liquidity of Axis Bank remains robust, accommodating trade sizes of up to Rs 11.65 crores based on 2% of the 5-day average traded value. The stock has recorded a one-day return of 0.23%, while the sector and Sensex have reported declines of 0.39% and 0.06%, respectively. Overall, Axis Bank's activity in the options market reflects a notable interest in its put options amid fluctuating market conditions.