IndusInd Bank's Put Options Surge: 3,050 Contracts at Rs 880 Strike Spark Activity

IndusInd Bank Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The bank's underlying stock, INDUSINDBK, is currently valued at Rs 868.2. Notably, two put options with expiry dates set for July 31, 2025, have seen significant trading activity. The put option with a strike price of Rs 880 recorded 3,050 contracts traded, resulting in a turnover of Rs 482.51 lakhs, while the Rs 870 strike price option saw 3,068 contracts traded with a turnover of Rs 385.92 lakhs.
Despite this activity, IndusInd Bank has underperformed its sector by 1.35% today, continuing a trend of consecutive declines over the past two days, with a total return of -1.69% during this period. The stock remains above its 5-day, 20-day, 50-day, and 100-day moving averages but is below its 200-day moving average, indicating mixed performance trends. Additionally, investor participation has decreased, with delivery volume falling by 18.15% compared to the 5-day average.

Overall, while IndusInd Bank's put options are attracting attention, the stock's recent performance reflects challenges in the current market environment.