ICICI Bank's Put Options Surge: 6,365 Contracts Traded at Rs 1,400 Strike

ICICI Bank Ltd., a prominent player in the private banking sector, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, ICICIBANK, has seen significant trading activity with 6,365 put contracts traded, reflecting a turnover of approximately Rs 662.98 lakhs. The put options have a strike price of Rs 1,400 and are set to expire on May 29, 2025, with an open interest of 3,605 contracts.
Today, ICICI Bank reached a new 52-week and all-time high of Rs 1,446.6, outperforming its sector by 0.66%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Investor participation has also increased, with a delivery volume of 1.1 crore shares on April 30, marking a 27.78% rise compared to the 5-day average.

With a market capitalization of Rs 10,25,794.24 crore, ICICI Bank remains a liquid stock, suitable for trades up to Rs 16.4 crore based on 2% of the 5-day average traded value. The stock has recorded a one-day return of 0.88%, compared to a sector return of 0.27% and a Sensex return of 0.09%. Overall, ICICI Bank's performance today highlights its robust market position and active trading dynamics.