IndusInd Bank Sees Surge in Active Put Options with 3,042 Contracts at Rs 850 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 bank's underlying stock, INDUSINDBK, is currently valued at Rs 853.2. Notably, two put options with expiry dates set for June 26, 2025, have seen significant trading activity. The put option with a strike price of Rs 840 recorded 2,862 contracts traded, resulting in a turnover of Rs 232.99 lakhs, while the Rs 850 strike price option saw 3,042 contracts traded with a turnover of Rs 308.29 lakhs.
The open interest for these options stands at 1,584 and 1,605 contracts, respectively, indicating a robust interest among traders. Performance metrics reveal that IndusInd Bank has outperformed its sector by 2.18% today, with the stock gaining 6.19% over the past three days. The stock reached an intraday high of Rs 857.35, reflecting a 2.47% increase.

Despite the positive performance, the stock remains below its 100-day and 200-day moving averages, although it is above the 5-day, 20-day, and 50-day averages. The liquidity remains strong, with a delivery volume of 32.78 lakhs, up 47.08% from the 5-day average. Overall, IndusInd Bank's activity in the options market highlights a significant engagement from traders amid a backdrop of solid performance metrics.