IndusInd Bank's Put Options Surge: 8,284 Contracts at Rs 800 Strike Price Highlight 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 832.3. Notably, three significant put options with an expiry date of June 26, 2025, have attracted considerable trading activity.
The put option with a strike price of Rs 800 saw the highest volume, with 8,284 contracts traded and a turnover of Rs 150.1 lakhs, alongside an open interest of 5,368 contracts. Following closely, the Rs 830 strike price option recorded 7,272 contracts traded, generating a turnover of Rs 287.58 lakhs and an open interest of 1,926. The Rs 820 strike price option also demonstrated notable activity, with 6,830 contracts traded and a turnover of Rs 194.97 lakhs, while maintaining an open interest of 4,285.

Despite this activity, IndusInd Bank's stock has underperformed its sector by 2% today, continuing a downward trend with a 1.14% decline over the past two days. The stock's performance is currently above the 20-day and 50-day moving averages but below the 5-day, 100-day, and 200-day moving averages. Additionally, investor participation has decreased significantly, with delivery volume dropping by 76.85% compared to the five-day average.

In summary, while IndusInd Bank's put options are actively traded, the stock itself is experiencing a challenging period, marked by declining returns and reduced investor engagement.