IDFC First Bank Ltd. Sees Surge in Active Call Options with 12,356 Contracts Traded

IDFC First Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market. The underlying asset, IDFCFIRSTB, saw significant activity with 12,356 call contracts traded, reflecting a turnover of approximately Rs 744.91 lakhs. The options have an expiry date set for July 31, 2025, with a strike price of Rs 80. The current underlying value stands at Rs 72.89, indicating a notable interest in the stock despite recent performance challenges.
Today, IDFC First Bank underperformed its sector by 2.87%, continuing a downward trend that has seen the stock decline for four consecutive days, resulting in a total drop of 6.43%. The stock reached an intraday low of Rs 72.6, down 3.5% from the previous close. Notably, the weighted average price suggests that more volume was traded closer to this low price.

In terms of moving averages, IDFC First Bank is currently above its 50-day, 100-day, and 200-day moving averages, yet below its 5-day and 20-day averages. Additionally, the stock's delivery volume has decreased significantly, falling by 44.76% compared to the 5-day average, indicating a decline in investor participation. With a market capitalization of Rs 53,929.30 crore, IDFC First Bank remains a liquid option for trades around Rs 3.68 crore, despite the recent volatility.