IndusInd Bank's Put Options Surge with 2,900 Contracts at Rs 810 Strike Price

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 asset, INDUSINDBK, has seen significant trading activity with 2,900 contracts traded, resulting in a turnover of approximately Rs 85.38 lakhs. The put options have a strike price of Rs 810 and are set to expire on May 29, 2025, with an open interest of 1,120 contracts, indicating a notable level of market engagement.
In terms of price performance, IndusInd Bank has underperformed its sector by 0.53% today, following a trend reversal after four consecutive days of gains. The stock is currently valued at Rs 812.2, which is above its 5-day, 20-day, and 50-day moving averages but below the 100-day and 200-day moving averages. Additionally, the stock has experienced a one-day return of -0.46%, while the sector and Sensex reported returns of -0.02% and -0.17%, respectively.

Investor participation appears to be declining, with a delivery volume of 30.15 lakhs on May 27, reflecting a decrease of 28.29% compared to the 5-day average. Despite this, the stock remains liquid enough for trading, with a size of Rs 25.21 crore based on 2% of the 5-day average traded value. Overall, the activity surrounding IndusInd Bank's put options highlights a significant moment in the market, reflecting current investor dynamics and stock performance.