IndusInd Bank Sees Surge in Put Option Activity with 10,433 Contracts Traded

IndusInd 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 underlying stock, INDUSINDBK, has seen significant activity with 10,433 contracts traded, resulting in a turnover of approximately Rs 382.31 lakhs. The put options have a strike price of Rs 800 and are set to expire on May 29, 2025, with an open interest of 2,996 contracts.
In terms of performance, IndusInd Bank has outperformed its sector by 3.25%, marking a notable trend reversal as the stock has gained for four consecutive days, accumulating a total return of 6.79% during this period. The stock reached an intraday high of Rs 824, reflecting a 2.99% increase.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 51.3% compared to the five-day average. The stock remains liquid, with a trading capacity of Rs 23.84 crore based on 2% of the five-day average traded value.

Overall, IndusInd Bank's current activity in the options market and its recent performance metrics highlight its dynamic position within the banking sector.