Federal Bank Ltd Sees 1,431 Put Contracts Traded at Rs 195 Strike Price

Federal Bank Ltd has emerged as one of the most active stocks in the market today, particularly in the options segment, with a focus on put options. The underlying asset, FEDERALBNK, has seen significant activity with 1,431 contracts traded at a strike price of Rs 195, resulting in a turnover of Rs 213.219 lakhs. The open interest stands at 709, indicating a robust engagement in this option type.
In terms of performance, Federal Bank has outperformed its sector by 2.67%, marking a consecutive gain over the last two days with a total return of 3.5% during this period. The stock reached an intraday high of Rs 199.25, reflecting a 2.89% increase. Notably, the stock's price is currently above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average.

Despite a decline in investor participation, with delivery volume dropping by 20.4% against the 5-day average, the liquidity remains adequate for trades sized at Rs 2.57 crore, based on 2% of the 5-day average traded value. The stock's one-day return is recorded at 2.71%, while the sector and Sensex returns are at 0.14% and 0.23%, respectively.

In summary, Federal Bank's notable activity in the options market, coupled with its recent performance metrics, underscores its current market position without delving into future implications.