Axis Bank's Rs 1,190 Puts Lead with 3,062 Contracts Traded Ahead of Expiry

Axis Bank Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The bank's underlying stock, AXISBANK, is currently valued at Rs 1200.00, and the options set to expire on October 28, 2025, have seen significant trading activity across various strike prices.
Notably, the put option with a strike price of Rs 1190 recorded the highest trading volume, with 3,062 contracts traded and a turnover of Rs 235.77 lakhs. Other active strike prices included Rs 1100, with 2,655 contracts traded, and Rs 1140, which saw 2,489 contracts. The open interest for these options indicates a robust interest, particularly for the Rs 1100 strike, which has an open interest of 3,340 contracts.

In terms of performance, Axis Bank has outperformed its sector by 2.03% today, gaining 2.56% in one day. The stock opened with a gap up of 4% and reached an intraday high of Rs 1216.9. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a positive trend reversal after two consecutive days of decline.

Overall, Axis Bank's strong performance metrics and active options trading suggest a dynamic market position, with liquidity sufficient for trades sized at Rs 14.61 crore.