IndusInd Bank's Put Options Surge: 8,448 Contracts 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, has seen significant activity with 8,448 contracts traded, reflecting a turnover of Rs 310.35 lakhs. The put options have a strike price of Rs 800 and are set to expire on April 24, 2025, with an open interest of 2,486 contracts.
In terms of performance, IndusInd Bank has outperformed its sector by 4%, marking a notable trend reversal as the stock has gained for five consecutive days, yielding a total return of 22.99% during this period. The stock reached an intraday high of Rs 835, representing a 5.07% increase. The weighted average price indicates that more volume was traded closer to the low price, suggesting a shift in trading dynamics.

Investor participation has also risen, with a delivery volume of 55.06 lakhs on April 17, up 37.98% compared to the five-day average. The stock's liquidity remains robust, accommodating trade sizes of Rs 11.34 crores based on 2% of the five-day average traded value. Currently, the stock's one-day return stands at 5.48%, significantly higher than the sector's return of 1.01% and the Sensex's return of 0.89%.

In summary, IndusInd Bank's recent performance and increased activity in put options highlight its current market position and investor engagement, reflecting a dynamic trading environment.