Axis Bank's Call Options Surge with 4,621 Contracts at Rs 1,200 Strike Price

Axis Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying asset, AXISBANK, saw significant activity with 4,621 call contracts traded, resulting in a turnover of Rs 808.675 lakhs. The options have an expiry date set for October 28, 2025, with a strike price of Rs 1,200. Open interest stands at 6,030 contracts, indicating robust market engagement.
In terms of price performance, Axis Bank is currently trading at Rs 1,196.0, just 4.48% away from its 52-week high of Rs 1,247. The stock has outperformed its sector by 0.45% today and has shown a consistent upward trend, gaining 5.47% over the last three days. The intraday high reached Rs 1,206.7, reflecting a 2.18% increase during the trading session.

Axis Bank is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend. Additionally, the stock's delivery volume of 76.96 lakhs on October 3 has increased by 27.67% compared to the 5-day average, highlighting rising investor participation. With a market capitalization of Rs 3,67,523.00 crore, Axis Bank continues to demonstrate liquidity suitable for trades around Rs 18.13 crore. Overall, the activity surrounding Axis Bank reflects a dynamic trading environment, underscoring its position in the private sector banking industry.