ICICI Bank Shows Surge in Active Put Options with 2,481 Contracts Traded at Rs 1440 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 underlying stock, ICICIBANK, is currently valued at Rs 1432.5, just 2.81% shy of its 52-week high of Rs 1471.6.
Today, a total of 2,481 put contracts were traded with a turnover of Rs 418.37 lakhs, indicating significant activity. The open interest stands at 1,615 contracts, reflecting ongoing interest in this option type, which has a strike price of Rs 1440 and an expiry date set for July 31, 2025.

In terms of performance, ICICI Bank's stock has shown resilience, gaining after three consecutive days of decline. It is currently trading above its 20-day, 100-day, and 200-day moving averages, although it remains below the 5-day and 50-day moving averages. The stock's delivery volume of 1.09 crore on July 2 has increased by 25.06% compared to the five-day average, suggesting rising investor participation.

With a market capitalization of Rs 10,20,168.08 crore, ICICI Bank continues to maintain liquidity, with a trade size of Rs 38.09 crore based on 2% of the five-day average traded value. The stock's one-day return is recorded at 0.13%, while the sector and Sensex both reflect a return of 0.37%. Overall, ICICI Bank's activity in the options market underscores its significant position within the financial landscape.