Surge in IndusInd Bank Ltd. Put Options: 7,011 Contracts Traded at Rs 810 Strike

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, has seen significant activity with 7,011 contracts traded, reflecting a turnover of approximately Rs 854.78 lakhs. The put options have a strike price of Rs 810 and are set to expire on June 26, 2025, with an open interest of 1,318 contracts.
In terms of performance, IndusInd Bank has underperformed its sector by 0.62% today, continuing a downward trend with a cumulative decline of 2.7% over the past three days. The stock's current value stands at Rs 801.6, which is above the 50-day moving average but below the 5-day, 20-day, 100-day, and 200-day moving averages. Additionally, investor participation has decreased, with a delivery volume of 21.21 lakhs on June 2, down 23.29% compared to the 5-day average.

Despite the challenges, the stock remains liquid enough for trading, with a market capitalization of Rs 62,487.96 crore, categorizing it as a large-cap entity in the private sector banking industry. Overall, the activity in IndusInd Bank's put options highlights the current market dynamics surrounding this stock.