IndusInd Bank's Put Options Surge: 20,932 Contracts at Rs 780 Strike Price Today

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 791.3. Notably, the put options expiring on April 24, 2025, have seen significant trading activity across various strike prices.
The put option with a strike price of Rs 780 led the activity with 20,932 contracts traded, generating a turnover of Rs 840.42 lakhs and an open interest of 2,171 contracts. Following closely, the Rs 790 strike price put option recorded 18,718 contracts traded and a turnover of Rs 1,126.97 lakhs, with an open interest of 1,584. The Rs 770 and Rs 800 strike prices also saw considerable activity, with 14,588 and 16,658 contracts traded, respectively.

Today, IndusInd Bank's stock underperformed its sector by 5.42%, opening with a loss of 4.61% and reaching an intraday low of Rs 775.4, reflecting a one-day return of -4.85%. Despite this decline, the stock remains liquid, with a delivery volume of 57.7 lakhs, which has increased by 25.44% compared to the five-day average. The stock's performance indicates a trend reversal after five consecutive days of gains, with current moving averages showing mixed signals.

In summary, IndusInd Bank's put options are actively traded, reflecting a notable shift in market dynamics, while the stock itself is navigating a challenging day in the market.