ICICI Bank's 8,357 Call Contracts at Rs 1,400 Strike Highlight Active Options Market

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, has seen significant activity with 8,357 call contracts traded, reflecting a turnover of approximately Rs 859.94 lakhs. The options have an expiry date set for November 25, 2025, with a strike price of Rs 1,400. Open interest stands at 9,306 contracts, indicating ongoing interest in these options.
Despite this activity, ICICI Bank's stock has underperformed, showing a decline of 1.20% today, which is notably worse than the sector's average decline of 0.27% and the Sensex's drop of 0.19%. The stock has been on a downward trend, losing 1.18% over the past two days. Currently, ICICI Bank is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a bearish sentiment in the market.

Additionally, the delivery volume has decreased by 3.16% compared to the 5-day average, with a total of 95.18 lakhs shares delivered on October 27. The liquidity remains adequate for a trade size of Rs 40.57 crore, based on 2% of the 5-day average traded value. Overall, while ICICI Bank shows notable options activity, its recent performance metrics suggest challenges in the current market environment.