ICICI Bank Sees Surge in Active Put Options with 1,797 Contracts at Rs 1,450 Strike

ICICI Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The stock, trading under the ticker ICICIBANK, has seen significant activity with 1,797 put contracts traded at a strike price of Rs 1,450, resulting in a turnover of approximately Rs 309.06 lakhs. The open interest for these puts stands at 2,014 contracts, indicating a robust interest in this option type.
Currently, ICICI Bank's underlying value is Rs 1,452.4, positioning it just 0.98% away from its 52-week high of Rs 1,471.6. Despite this proximity to its peak, the stock has underperformed its sector by 0.69% today. However, it has shown resilience with a consecutive gain over the last two days, yielding a total return of 1.84% during this period.

In terms of technical indicators, ICICI Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a positive trend. Nevertheless, there has been a noted decline in investor participation, with delivery volume decreasing by 4.69% compared to the 5-day average. The stock remains liquid, with a trade size capacity of Rs 31.11 crore based on 2% of the 5-day average traded value.

In summary, ICICI Bank's activity in the options market, coupled with its current trading metrics, highlights its significant presence in the financial landscape, while also reflecting the dynamics of investor engagement and market performance.