ICICI Bank's Put Options Surge: 5,986 Contracts at Rs 1400 Strike Signal Market Interest

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 put options. The bank's underlying stock, ICICIBANK, is currently valued at Rs 1405.5. Notably, two put options with expiry dates set for September 30, 2025, have garnered significant attention.
The put option with a strike price of Rs 1410 saw 4,360 contracts traded, resulting in a turnover of Rs 416.29 lakhs, while the option with a strike price of Rs 1400 recorded 5,986 contracts traded and a turnover of Rs 401.84 lakhs. The open interest for these options stands at 1,876 and 3,289 contracts, respectively, indicating a robust interest in these positions.

In terms of performance, ICICI Bank has underperformed its sector by 0.33% today, with a one-day return of -1.15%. The stock is currently trading above its 200-day moving average but below its shorter-term moving averages, reflecting mixed momentum. Additionally, investor participation has decreased, with delivery volume falling by 18.09% compared to the five-day average.

Overall, ICICI Bank's activity in the options market highlights a notable interest in its put options, amidst a backdrop of fluctuating performance metrics and market conditions.