ICICI Bank's Put Options Surge: 14,900 Contracts at Rs. 1450 Strike Highlight Market Activity

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 put options. The bank's underlying stock, ICICIBANK, has seen significant trading activity with two notable put options set to expire on July 31, 2025. The put option with a strike price of Rs. 1460 recorded 13,976 contracts traded, generating a turnover of approximately Rs. 1,508.57 lakhs, while the Rs. 1450 strike price option saw 14,900 contracts traded, resulting in a turnover of around Rs. 1,340.26 lakhs. Open interest for these options stands at 2,446 and 2,490 contracts, respectively.
Today, ICICI Bank reached a new 52-week and all-time high of Rs. 1,478.90, outperforming its sector by 0.58%. The stock has demonstrated a positive trend, gaining 4.19% over the last three days. It has traded within a narrow range of Rs. 8.3, and is currently positioned above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. With a delivery volume of 85.99 lakhs, up 30.15% from the 5-day average, liquidity remains robust, supporting a trade size of Rs. 30.73 crores. The stock's one-day return stands at 0.70%, reflecting its strong market performance. Overall, ICICI Bank continues to show resilience and activity in the current market landscape.