IndusInd Bank Ltd. Sees Surge in Active Put Options with 15,147 Contracts Traded

IndusInd 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, INDUSINDBK, is currently valued at Rs 792.6, with a notable expiry date for the options set for May 29, 2025. The put options have a strike price of Rs 780.0, and today saw a significant trading volume with 15,147 contracts exchanged, resulting in a turnover of Rs 992.13 lakhs. The open interest stands at 3,952 contracts, indicating a robust interest in this option.
In terms of performance, IndusInd Bank has underperformed its sector by 0.35% today, despite a positive trend over the past three days, where the stock has gained 3.48%. The stock's moving averages show it is currently above the 5-day and 50-day averages but below the 20-day, 100-day, and 200-day averages. However, investor participation appears to be declining, with delivery volume dropping by 49.8% compared to the 5-day average.

Overall, while IndusInd Bank's put options are actively traded, the stock's recent performance and liquidity metrics suggest a complex market environment.