Axis Bank Ltd. Sees Surge in Active Call Options with 12,792 Contracts Traded

Axis Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying stock, AXISBANK, saw significant activity with 12,792 call contracts traded, reflecting a turnover of approximately Rs 1,203.1 lakhs. The options have an expiry date set for June 26, 2025, with a strike price of Rs 1,200. Open interest stands at 5,260 contracts, indicating a robust interest in this option.
In terms of performance, Axis Bank has outperformed its sector by 0.81%, marking a notable trend reversal as the stock gained after three consecutive days of decline. The stock's current value is Rs 1,190, which is positioned above the 50-day, 100-day, and 200-day moving averages, yet remains below the 5-day and 20-day moving averages.

Investor participation has also seen a rise, with delivery volume reaching 80.34 lakhs on June 5, a 69.42% increase compared to the five-day average. The liquidity of the stock is favorable, accommodating trade sizes of Rs 18.18 crore based on 2% of the five-day average traded value. Overall, Axis Bank's activity today highlights its dynamic position within the private sector banking industry.