ICICI Bank Sees Surge in Active Put Options with 10,757 Contracts Traded Today

ICICI Bank Ltd., a prominent player in the private banking sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The underlying asset, ICICIBANK, is currently valued at Rs 1430.00, just 0.6% shy of its 52-week high of Rs 1446.80.
Today, a total of 10,757 put contracts were traded with a turnover of approximately Rs 1716.06 lakhs, indicating significant activity. The put options have a strike price of Rs 1420 and are set to expire on May 29, 2025. Open interest stands at 2,830 contracts, reflecting ongoing interest in these options.

In terms of performance, ICICI Bank has shown resilience, gaining 0.62% over the past two days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 43.73% compared to the 5-day average.

Overall, ICICI Bank's recent activity in the options market, coupled with its solid performance metrics, underscores its significant position within the banking industry.