ICICI Bank Ltd. Sees Surge in Call Options with 5,979 Contracts Traded at Rs 1460 Strike

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 trading at Rs 1446.8, just 1.77% shy of its 52-week high of Rs 1471.6.
Today, the bank saw significant activity in call options, with 5,979 contracts traded, resulting in a turnover of Rs 25.53 lakhs. The open interest stands at 5,543 contracts, indicating a robust interest in this option type, which expires on May 29, 2025, at a strike price of Rs 1460.

In terms of performance metrics, ICICI Bank's stock has shown resilience, maintaining levels above the 20-day, 50-day, 100-day, and 200-day moving averages, although it is slightly below the 5-day moving average. The stock's delivery volume reached 61.9 lakhs on May 28, reflecting a 25.91% increase compared to the five-day average, suggesting rising investor participation.

Despite a slight decline of 0.52% in its one-day return, ICICI Bank's performance remains in line with the sector, which saw a 0.39% drop, while the Sensex experienced a marginal decline of 0.06%. Overall, ICICI Bank continues to demonstrate strong liquidity, with trading activity well-supported by its market capitalization of Rs 10,31,303.86 crore.