ICICI Bank Sees Surge in Call Options, 21,565 Contracts at Rs 1450 Strike

ICICI Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying stock, ICICIBANK, is currently valued at Rs 1459.3, just 0.77% shy of its 52-week high of Rs 1471.6.
Today, several call options with an expiry date of July 31, 2025, have seen significant trading activity. The most notable was the call option with a strike price of Rs 1450, which recorded 21,565 contracts traded and a turnover of Rs 2813.80 lakhs. Following closely, the Rs 1460 strike price option had 20,468 contracts traded, generating a turnover of Rs 2050.28 lakhs. Other active strike prices included Rs 1440, Rs 1470, and Rs 1500, with respective contracts traded of 12,093, 11,152, and 11,018.

The stock has outperformed its sector by 1.05% today, with a 1D return of 2.41%, while the sector and Sensex returned 1.38% and 0.37%, respectively. ICICI Bank has been on a positive trajectory, gaining 2.94% over the last two days. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trend.

In summary, ICICI Bank's robust trading activity and performance metrics reflect its solid position in the market, underscoring its significance in the financial landscape.