ICICI Lombard Sees Surge in Active Put Options with 3,680 Contracts Traded at Rs 2000 Strike

ICICI Lombard General Insurance Company Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, ICICIGI, is currently valued at Rs 2032.1, with a notable expiry date for the put options set for July 31, 2025. The put option has a strike price of Rs 2000, and today, 3,680 contracts were traded, resulting in a turnover of Rs 326.87 lakhs. Open interest stands at 741 contracts, indicating a significant level of activity in this option.
In terms of performance, ICICI Lombard has outperformed its sector by 1.74%, reaching an intraday high of Rs 2052, reflecting a 2.46% increase. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. However, there has been a decline in investor participation, with delivery volume dropping by 10.38% compared to the 5-day average, totaling 372,000 shares on July 15. Despite this, the stock remains liquid enough for trades of Rs 1.92 crore, with a one-day return of 0.70%, contrasting with the sector's return of -0.31% and the Sensex's return of -0.16%.

In summary, ICICI Lombard's active put options trading reflects a dynamic market position, supported by solid performance metrics, while also highlighting some shifts in investor engagement.