Surge in Active Put Options for Axis Bank Ltd. with 2,478 Contracts Traded

Axis Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying asset, AXISBANK, has seen significant trading activity with 2,478 contracts traded, resulting in a turnover of approximately Rs 442.37 lakhs. The put options have a strike price of Rs 1,180 and are set to expire on July 31, 2025, with an open interest of 1,202 contracts.
Despite this activity, the stock has underperformed its sector by 1.87% today, continuing a downward trend that has seen it lose 4.67% over the past three days. The stock reached an intraday low of Rs 1,173, reflecting a decline of 2.18%. In terms of moving averages, the stock is currently above its 100-day and 200-day averages but below its 5-day, 20-day, and 50-day averages, indicating mixed performance in the short term.

Investor participation appears to be rising, with a delivery volume of 45.74 lakhs on June 30, marking a 31.15% increase compared to the 5-day average. The liquidity remains robust, supporting a trade size of Rs 16.09 crore based on 2% of the 5-day average traded value. Overall, while Axis Bank's put options are actively traded, the stock's recent performance reflects ongoing challenges in the market.