IndusInd Bank Calls Surge with 20,462 Contracts as Strike Price Hits Rs 820

IndusInd Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying stock, INDUSINDBK, saw significant activity with 20,462 call contracts traded, reflecting a turnover of approximately Rs 891.56 lakhs. The options have an expiry date set for May 29, 2025, with a strike price of Rs 820. Open interest stands at 2,571 contracts, indicating ongoing interest in this option.
In terms of performance, IndusInd Bank has outperformed its sector by 2.96% today, marking a notable intraday high of Rs 823.8. Over the past four days, the stock has shown a consistent upward trend, gaining 6.95% during this period. Currently, the stock's price is above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 51.3% compared to the 5-day average. Nevertheless, the stock maintains sufficient liquidity for trades, with a size of Rs 23.84 crore based on 2% of the 5-day average traded value. Overall, IndusInd Bank's activity today highlights its strong market position within the private sector banking industry.