IndusInd Bank Sees Surge in Active Put Options: 24,947 Contracts at Rs 780 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 789.00. Notably, the put options with an expiry date of April 24, 2025, have seen significant trading activity across various strike prices.
The put option with a strike price of Rs 780 recorded the highest trading volume, with 24,947 contracts traded and a turnover of Rs 1,000.37 lakhs. Following closely, the Rs 790 strike price saw 21,030 contracts traded, generating a turnover of Rs 1,277.57 lakhs. Other notable strike prices include Rs 770 and Rs 800, with 16,755 and 17,851 contracts traded, respectively.

In terms of market performance, IndusInd Bank outperformed its sector by 0.84% today, reaching an intraday high of Rs 805, reflecting a 2.22% increase. The stock's moving averages indicate a mixed trend, being higher than the 5-day and 20-day averages but lower than the longer-term 50-day, 100-day, and 200-day averages. Additionally, the stock has shown rising investor participation, with a delivery volume of 92.41 lakhs, up 72.35% from the 5-day average.

Overall, the activity in IndusInd Bank's put options highlights a notable interest in the stock, reflecting the dynamics of the current market environment.