Axis Bank Ltd. Sees Surge in Call Options Activity with 25,523 Contracts at Rs 1100 Strike

Axis Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market, with a focus on call options expiring on July 31, 2025. The stock, which operates within the private sector banking industry, has seen significant trading activity across various strike prices.
Notably, the call option with a strike price of Rs 1100 recorded the highest number of contracts traded at 25,523, generating a turnover of approximately Rs 3,980 lakhs. Following closely, the strike price of Rs 1110 saw 20,874 contracts traded, contributing a turnover of around Rs 2,483 lakhs. Other active strike prices included Rs 1150 with 20,007 contracts and Rs 1200 with 25,459 contracts traded.

Despite this activity, Axis Bank's stock has underperformed the sector by 2.39%, experiencing a consecutive decline over the past three days, with a total drop of 7.48%. The stock reached an intraday low of Rs 1071.9, reflecting a decrease of 2.49%. Additionally, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In terms of liquidity, the stock remains accessible for trading, with a delivery volume of 2.52 crore shares on July 18, marking a significant increase of 697.06% compared to the 5-day average. Overall, Axis Bank's current performance metrics highlight a complex landscape for investors as the stock navigates through recent challenges.