ICICI Bank's 1350 Strike Put Options See 1,859 Contracts Traded Amid Turnaround

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 1,859 put contracts traded, resulting in a turnover of approximately Rs 261.95 lakhs. The options have a strike price of Rs 1,350 and are set to expire on October 28, 2025, with an open interest of 1,656 contracts.
In terms of performance, ICICI Bank has outperformed its sector by 0.72%, marking a notable trend reversal as the stock has gained after eight consecutive days of decline. The underlying value of the stock stands at Rs 1,364.8. While the stock is currently above its 200-day moving average, it remains below the 5-day, 20-day, 50-day, and 100-day moving averages, indicating mixed short-term momentum.

Investor participation has shown signs of improvement, with a delivery volume of 1.15 crore shares on September 30, reflecting a 2.93% increase compared to the 5-day average. The liquidity of ICICI Bank remains robust, accommodating trade sizes of Rs 50.15 crore based on 2% of the 5-day average traded value. The stock recorded a one-day return of 1.62%, compared to a sector return of 0.70% and a Sensex return of 0.26%.

In summary, ICICI Bank's recent activity in the options market, coupled with its performance metrics, highlights its current market position and investor engagement.