IndusInd Bank Ltd. Sees Surge in Active Put Options with 14,459 Contracts Traded

IndusInd Bank Ltd. has emerged as one of the most active stocks in the market today, particularly in the options segment, with a significant focus on put options. The underlying stock, INDUSINDBK, has seen notable activity with 14,459 contracts traded, resulting in a turnover of approximately Rs 1,593.09 lakhs. The put options have a strike price of Rs 800 and are set to expire on July 31, 2025, with an open interest of 2,514 contracts.
In terms of performance, IndusInd Bank has outperformed its sector by 1.72%, marking a trend reversal after three consecutive days of decline. The stock reached an intraday high of Rs 818.85, reflecting a gain of 2.09%. While the stock is currently trading above its 100-day moving average, it remains below the 5-day, 20-day, 50-day, and 200-day moving averages.

Investor participation has also increased, with a delivery volume of 27.67 lakhs on July 28, which is up by 118.33% compared to the 5-day average. The liquidity of the stock remains robust, accommodating trade sizes of Rs 7.29 crores based on 2% of the 5-day average traded value.

In summary, IndusInd Bank's recent activity in the options market, coupled with its performance metrics, highlights its current market position without delving into future implications.