Surge in Bank of Baroda's Active Put Options: 11,897 Contracts at Rs 230 Strike

Bank of Baroda has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, BANKBARODA, is currently valued at Rs 221.95. Notably, the put options with an expiry date of May 29, 2025, have seen significant trading activity across various strike prices.
The put option with a strike price of Rs 240 recorded 9,521 contracts traded, generating a turnover of Rs 2,562.10 lakhs and an open interest of 1,021 contracts. Similarly, the Rs 220 strike price option saw 11,689 contracts traded, with a turnover of Rs 1,794.99 lakhs and an open interest of 1,381. The most active was the Rs 230 strike price put, which had 11,897 contracts traded, resulting in a turnover of Rs 2,662.10 lakhs and an open interest of 1,427.

In terms of performance, Bank of Baroda has outperformed its sector by 1.05% today, with a one-day return of 0.13%. The stock has maintained a higher position relative to its 50-day moving averages but is lower than its 5-day, 20-day, 100-day, and 200-day moving averages. Additionally, the stock has shown rising investor participation, with a delivery volume of 2.02 crore on May 6, reflecting a 427.44% increase against the 5-day average.

Overall, Bank of Baroda's activity in the options market, coupled with its performance metrics, highlights its current standing in the public banking sector.