Surge in ICICI Bank Ltd. Put Options: 7,526 Contracts and Rs 1,185.08 Lakhs Turnover

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 1435.0, which places it just 3.53% away from its 52-week high of Rs 1471.6.
Today, a total of 7,526 put contracts were traded with a turnover of Rs 1,185.08 lakhs, indicating significant activity in this option type, which has a strike price of Rs 1450 and an expiry date set for June 26, 2025. The open interest stands at 3,412 contracts, reflecting ongoing interest among traders.

Despite this activity, ICICI Bank has underperformed its sector by 0.62% today, with a one-day return of -0.94%. The stock has experienced a consecutive decline over the last two days, resulting in a total drop of 2.62%. While the stock's moving averages indicate it is above the 50-day, 100-day, and 200-day averages, it remains below the 5-day and 20-day averages.

Investor participation has seen a rise, with a delivery volume of 87.46 lakhs on June 9, up 17.73% compared to the five-day average. The liquidity remains robust, accommodating a trade size of Rs 32.22 crore based on 2% of the five-day average traded value. Overall, ICICI Bank's current market dynamics reflect a complex interplay of trading activity and performance metrics.