ICICI Bank's October 1400 Put Options Surge with 8,050 Contracts Traded

ICICI Bank Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The bank's underlying stock, ICICIBANK, is currently valued at Rs 1408.8. Notably, two put options with expiry on October 28, 2025, have garnered significant attention. The put option with a strike price of Rs 1400 saw 8,050 contracts traded, resulting in a turnover of Rs 599.37 lakhs, while the Rs 1410 strike price option recorded 3,794 contracts traded and a turnover of Rs 395.43 lakhs.
Despite this activity, ICICI Bank's stock has underperformed the sector by 1.91% today, following a trend reversal after four consecutive days of gains. The stock reached an intraday low of Rs 1397.8, reflecting a decline of 2.7%. The weighted average price indicates that more volume was traded closer to this low price. While the stock remains above its 5-day, 20-day, 50-day, and 200-day moving averages, it is below the 100-day moving average.

Investor participation has seen a rise, with delivery volume increasing by 97.96% against the 5-day average. The liquidity remains robust, supporting a trade size of Rs 28.62 crores. Overall, ICICI Bank's current market dynamics reflect a complex interplay of trading activity and performance metrics.