Surge in ICICI Bank Put Options: 5,147 Contracts at Rs 1450 Strike Price Highlight Activity

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 1439.8, just 2.18% away from its 52-week high of Rs 1471.6.
Today, a total of 5,147 put contracts were traded at a strike price of Rs 1450, resulting in a turnover of approximately Rs 768.99 lakhs. The open interest stands at 2,862 contracts, indicating a significant level of activity and interest in this option type.

Despite this activity, ICICI Bank's stock has underperformed its sector by 1.7% today, with a one-day return of -1.34%. The stock has also experienced a trend reversal, falling after two consecutive days of gains. While it remains above the 50-day, 100-day, and 200-day moving averages, it is currently below the 5-day and 20-day moving averages.

Investor participation has seen a decline, with delivery volume dropping by 0.86% compared to the five-day average. However, the stock maintains sufficient liquidity for trading, with a trade size of Rs 31.17 crore based on 2% of the five-day average traded value.

In summary, ICICI Bank's put options activity reflects a notable interest in the stock, amidst a backdrop of mixed performance indicators and market dynamics.