ICICI Bank's Put Options Surge with 10,539 Contracts at Rs 1,480 Strike Price

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 stock, trading under the ticker ICICIBANK, has seen significant activity with 10,539 contracts traded, reflecting a turnover of approximately Rs 382.88 lakhs. The put options have a strike price of Rs 1,480 and are set to expire on July 31, 2025, with an open interest of 2,207 contracts.
Currently, ICICI Bank's underlying value stands at Rs 1,488.5, positioning it just 0.74% away from its 52-week high of Rs 1,500. The stock has shown resilience, outperforming its sector by 1.21% today, following a trend reversal after two consecutive days of decline. Notably, ICICI Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trend.

Despite a decrease in investor participation, with delivery volume dropping by 20.44% against the 5-day average, the stock remains liquid enough for trades of Rs 31.93 crores, reflecting its robust market position. The stock's one-day return is recorded at 0.81%, while the sector and Sensex have shown declines of 0.51% and 0.21%, respectively. Overall, ICICI Bank's activity in the options market highlights its significant role in the current financial landscape.