IndusInd Bank Sees Surge in Active Put Options with 2,650 Contracts Traded at Rs 800 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 underlying stock, INDUSINDBK, is currently valued at Rs 835.0, with a notable expiry date for the options set for May 29, 2025. The put option has a strike price of Rs 800, and today, 2,650 contracts were traded, resulting in a turnover of Rs 308.33 lakhs. The open interest stands at 3,307 contracts, indicating a significant level of activity and interest in this option.
In terms of performance, IndusInd Bank has outperformed its sector by 1.2% today, continuing a positive trend with a 7.03% increase over the past five days. The stock reached an intraday high of Rs 852, reflecting a 2.58% gain. While the stock's moving averages are higher than the 5-day, 20-day, and 50-day averages, they remain below the 100-day and 200-day averages, suggesting mixed momentum.

Despite a recent decline in investor participation, with delivery volume dropping by 59.76% against the 5-day average, the stock maintains sufficient liquidity for trading, with a value of Rs 23.96 crore based on 2% of the 5-day average traded value. Overall, IndusInd Bank's activity in the options market highlights its current market position and performance metrics without delving into future implications.