ICICI Bank Ltd. Sees Surge in Active Put Options with 5,213 Contracts Traded at Rs 1400 Strike

ICICI Bank Ltd., a prominent player in the private banking sector, has emerged as one of the most active stocks today, particularly in the options market. The bank's put options, specifically with a strike price of Rs 1400 and set to expire on May 29, 2025, have seen significant trading activity, with 5,213 contracts exchanged, resulting in a turnover of Rs 402.16 lakhs. The open interest for these puts stands at 3,167 contracts, indicating a robust interest in this option type.
Today, ICICI Bank's stock is trading at Rs 1437.5, just 0.75% shy of its 52-week high of Rs 1448.9. The stock has outperformed its sector by 0.26%, reflecting a strong performance amidst a broader market rally, as the private banking sector has gained 3.25%. The stock reached an intraday high of Rs 1438.5, marking a 3.57% increase for the day.

ICICI Bank is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the stock has seen a notable increase in investor participation, with delivery volume rising by 45.83% compared to the 5-day average. With a market capitalization of Rs 10,23,878.46 crore, ICICI Bank continues to demonstrate liquidity suitable for trades of Rs 0.47 crore.

In summary, ICICI Bank's strong performance metrics and active options trading highlight its significant position in the market, reflecting ongoing investor interest and engagement.