ICICI Bank's Active Put Options Surge: 6,064 Contracts at Rs 1400 Strike Price

ICICI Bank Ltd., a prominent player in the private banking sector, has emerged as one of the most active stocks today, particularly in the options market. The bank's put options, specifically with a strike price of Rs 1400 and an expiry date set for May 29, 2025, have seen significant activity, with 6,064 contracts traded and a turnover of approximately Rs 849.24 lakhs. The open interest for these puts stands at 4,802 contracts, indicating a robust interest among traders.
Currently, ICICI Bank's underlying value is Rs 1424.7, just 0.67% shy of its 52-week high of Rs 1438.3. Despite this proximity to its peak, the stock has underperformed its sector by 0.4% today, with a modest one-day return of 0.05%. The stock has been on a slight upward trend, gaining 0.08% over the last day, although it has traded within a narrow range of Rs 9.

In terms of moving averages, ICICI Bank is performing well, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages. However, there has been a noticeable decline in investor participation, with delivery volume dropping by 29.05% compared to the 5-day average. The stock remains liquid, with a trade size of Rs 24.26 crore based on 2% of the 5-day average traded value.

In summary, ICICI Bank's options activity reflects a significant engagement in the market, while the stock's performance metrics indicate a mixed picture amid fluctuating investor interest.