IDFC First Bank Ltd. Sees 1,319 Active Put Contracts at Rs 70 Strike Price

IDFC First Bank Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, IDFCFIRSTB, is currently valued at Rs 75.08, with a notable expiry date for the options set for July 31, 2025. The put option has a strike price of Rs 70, and today, 1,319 contracts were traded, resulting in a turnover of Rs 73.90 lakhs. The open interest stands at 1,357 contracts, indicating a robust interest in this option.
In terms of performance, IDFC First Bank has outperformed its sector by 3.91% today, marking a consecutive gain over the last three days with a total return of 5.22% during this period. The stock reached an intraday high of Rs 75.75, reflecting a 4% increase. Additionally, IDFC First Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing a strong upward trend.

However, it is worth noting that investor participation has seen a decline, with delivery volume dropping by 30.82% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of approximately Rs 3.7 crore, based on 2% of the 5-day average traded value. Overall, IDFC First Bank's activity in the options market and its recent performance metrics highlight its current market position without delving into future implications.