ICICI Bank Sees Surge in Put Options with 11,491 Contracts and Rs 1400 Strike Price

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 underlying stock, ICICIBANK, is currently valued at Rs 1426.5, just 2.02% shy of its 52-week high of Rs 1471.6.
Today, a significant number of put contracts were traded, with 11,491 contracts exchanged, resulting in a turnover of approximately Rs 1218.62 lakhs. The open interest stands at 3,520 contracts, indicating a robust interest in this option type, which expires on July 31, 2025, at a strike price of Rs 1400.

In terms of performance, ICICI Bank has outperformed its sector by 0.44%, with a one-day return of 1.82%, while the sector itself recorded a return of 1.49%. The stock has shown consistent gains over the past two days, rising 1.68% during this period. It reached an intraday high of Rs 1455.8, reflecting a 2.1% increase.

ICICI Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock has seen a rise in investor participation, with delivery volume increasing by 43.5% compared to the 5-day average. With a market capitalization of Rs 10,35,992.48 crore, ICICI Bank remains a liquid asset, suitable for substantial trading volumes.

In summary, ICICI Bank's notable activity in the options market, combined with its strong performance metrics, underscores its current market position without delving into future implications.