IndusInd Bank Sees Surge in Active Put Options with 36,948 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 783.5. Notably, the put options with an expiry date of May 29, 2025, have seen significant trading activity across various strike prices.
The highest volume was recorded for the put option with a strike price of Rs 770, where 36,859 contracts were traded, resulting in a turnover of Rs 4,216.67 lakhs. Following closely, the Rs 780 strike price saw 36,948 contracts traded, with a turnover of Rs 4,769.99 lakhs. Other notable strike prices include Rs 740 with 32,712 contracts and Rs 730 with 22,080 contracts traded.

The open interest for these options indicates a robust market position, with the Rs 770 strike price holding the highest open interest at 5,171 contracts. Performance metrics show that IndusInd Bank has outperformed its sector by 0.76%, with a one-day return of 0.89%. The stock has been gaining momentum, rising 2.94% over the last two days.

Overall, IndusInd Bank's strong performance in the options market, coupled with rising investor participation and liquidity, highlights its active engagement in the financial landscape.