ICICI Lombard Sees Surge in Put Options: 7,112 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 1974.0, with a notable focus on put options expiring on July 31, 2025, at a strike price of Rs 2000. Today, 7,112 contracts were traded, resulting in a turnover of approximately Rs 795.82 lakhs, while open interest stands at 650 contracts.
In terms of performance, ICICI Lombard has been experiencing a downward trend, with the stock losing 2.33% over the past three days. Today's performance aligns with the sector, which has seen a slight decline of 0.22%. The stock's one-day return is recorded at -0.38%, while the broader Sensex has dipped by 0.09%.

Despite the recent declines, the stock remains above its 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day and 20-day moving averages. Notably, investor participation has increased, with delivery volume rising by 161.05% compared to the 5-day average, indicating heightened trading activity. The liquidity of ICICI Lombard is also favorable, accommodating trades of up to Rs 3.92 crore based on 2% of the 5-day average traded value.

In summary, ICICI Lombard's put options activity reflects significant trading interest amid a challenging market environment, highlighting the stock's current dynamics without venturing into future predictions.