ICICI Bank Sees Surge in Active Put Options with 8,478 Contracts Traded at Rs 1,400 Strike

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 stock, trading under the ticker ICICIBANK, has seen significant activity with 8,478 put contracts traded, resulting in a turnover of approximately Rs 936.48 lakhs. The options have a strike price of Rs 1,400 and are set to expire on July 31, 2025, with an open interest of 2,884 contracts.
Currently, ICICI Bank's underlying value stands at Rs 1,419.90, just 3.07% shy of its 52-week high of Rs 1,471.60. The stock has shown resilience today, outperforming its sector by 1.79% after experiencing two consecutive days of decline. Notably, it has maintained a position above its 5-day, 100-day, and 200-day moving averages, although it remains below the 20-day and 50-day moving averages.

Investor participation has also increased, with a delivery volume of 91.08 lakhs on July 17, reflecting a 74.93% rise compared to the 5-day average. The liquidity of ICICI Bank remains robust, accommodating trade sizes of Rs 24.38 crores based on 2% of the 5-day average traded value.

In summary, ICICI Bank's notable activity in the options market, coupled with its current performance metrics, underscores its position as a key player in the banking sector.