IndusInd Bank's Put Options Surge: 4,629 Contracts Traded at Rs 800 Strike Price

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 820.7, with a notable expiry date for the put options set for May 29, 2025. The strike price for these puts is Rs 800, and today, 4,629 contracts were traded, resulting in a turnover of Rs 739.37 lakhs. The open interest stands at 3,990 contracts, indicating a significant level of activity.
In terms of price performance, IndusInd Bank has underperformed its sector by 2.85%, following a trend reversal after five consecutive days of gains. The stock opened with a loss of 2.03% and reached an intraday low of Rs 810.05, reflecting a decline of 3.21%. While the stock's moving averages show it is above the 5-day and 20-day averages, it remains below the 50-day, 100-day, and 200-day moving averages.

Investor participation has seen a decline, with delivery volume dropping by 44.85% compared to the 5-day average. However, the stock maintains sufficient liquidity for trades, with a size of Rs 15.55 crore based on 2% of the 5-day average traded value. Overall, the activity surrounding IndusInd Bank's put options highlights a significant moment in the market, reflecting current trends and investor behavior.