Surge in IndusInd Bank's Put Options: 7,011 Contracts Trade at Rs 810 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 801.6, with a notable expiry date for the options set for June 26, 2025. The put option has a strike price of Rs 810, and today, 7,011 contracts were traded, resulting in a turnover of approximately Rs 854.78 lakhs. The open interest stands at 1,318 contracts, indicating a significant level of activity.
In terms of performance, IndusInd Bank has outperformed its sector by 0.73% today, marking a trend reversal after three consecutive days of decline. The stock has traded within a narrow range of Rs 4.8, reflecting some stability amidst market fluctuations. While the stock's moving averages show it is above the 20-day and 50-day averages, it remains below the 5-day, 100-day, and 200-day moving averages, suggesting mixed signals in the short to medium term.

Investor participation has seen a decline, with delivery volume dropping by 51.8% compared to the five-day average. However, the stock remains liquid enough for trades of Rs 9.17 crore, based on 2% of the five-day average traded value. The one-day return for IndusInd Bank is recorded at 0.62%, contrasting with a slight decline in the sector and a modest gain in the Sensex.

In summary, IndusInd Bank's activity in the options market today highlights a significant interest in put options, reflecting current market dynamics and investor behavior.