ICICI Bank Call Options Surge: 10,051 Contracts at Rs 1400 Strike Price Traded

ICICI Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying stock, ICICIBANK, is currently valued at Rs 1409.2. Notably, a series of call options with an expiry date of October 28, 2025, have seen significant trading activity.
The most actively traded option was the call with a strike price of Rs 1400, where 10,051 contracts changed hands, resulting in a turnover of Rs 1357.19 lakhs and an open interest of 7,001 contracts. Other notable strike prices included Rs 1420, with 9,570 contracts traded and a turnover of Rs 651.81 lakhs, and Rs 1410, which saw 8,316 contracts traded for a turnover of Rs 807.98 lakhs.

Despite this activity, ICICI Bank's stock has underperformed the sector by 1.91% today, following a trend reversal after four consecutive days of gains. The stock reached an intraday low of Rs 1397.8, reflecting a decline of 2.7%. While the stock remains above its 5-day, 20-day, 50-day, and 200-day moving averages, it is currently below the 100-day moving average. The liquidity remains robust, with a delivery volume of 1.15 crore on October 17, marking a 97.96% increase against the 5-day average delivery volume.

In summary, ICICI Bank's options market activity highlights a dynamic trading environment, even as the stock experiences a slight downturn in performance metrics.