ICICI Bank's Call Options Surge: 12,556 Contracts at Rs 1400 Strike Fuel Market Momentum

ICICI Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying stock, ICICIBANK, has seen significant trading activity with call options expiring on April 24, 2025. Notably, the call option with a strike price of Rs 1380 recorded 11,430 contracts traded, generating a turnover of approximately Rs 1,619.48 lakhs, while the Rs 1400 strike price option saw 12,556 contracts traded with a turnover of around Rs 1,077.84 lakhs. The open interest for these options stands at 2,424 and 3,951 contracts, respectively.
Today, ICICI Bank reached a new 52-week and all-time high of Rs 1,384.4, reflecting a 2.06% increase. The stock has outperformed its sector by 0.88% and has shown a consistent upward trend, gaining 7.34% over the past six days. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the stock's liquidity remains robust, with a delivery volume of 1.09 crore shares on April 16, up 12.28% from the 5-day average.

In summary, ICICI Bank's notable activity today highlights its strong market position and performance metrics, reflecting a solid trajectory in the banking sector.