IndusInd Bank Sees Surge in Call Options Activity with 3,243 Contracts at Rs 810 Strike

IndusInd Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying stock, INDUSINDBK, has seen significant trading activity in call options set to expire on April 24, 2025. Notably, the call option with a strike price of Rs 800 recorded 3,002 contracts traded, generating a turnover of Rs 223.74 lakhs and an open interest of 1,644 contracts. Similarly, the Rs 810 strike price option saw 3,243 contracts traded with a turnover of Rs 175.79 lakhs, while the Rs 820 strike price option had 3,052 contracts traded and a turnover of Rs 86.58 lakhs.
Today, IndusInd Bank's stock has outperformed its sector by 3.62%, marking a consecutive gain over the last two days with a total return of 4.32%. The stock reached an intraday high of Rs 822, reflecting a 3.5% increase. While the stock is currently trading above its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume dropping by 46.25% compared to the 5-day average.

In summary, IndusInd Bank's strong performance in the options market and its recent stock gains highlight its active status in the financial landscape, despite a decrease in trading volume.