IndusInd Bank Ltd. Sees Surge in Call Options with 4,115 Contracts at Rs 900 Strike

IndusInd Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today. The bank's underlying stock, INDUSINDBK, has seen significant trading activity, particularly in call options set to expire on July 31, 2025. A total of 4,115 contracts were traded at a strike price of Rs 900, resulting in a turnover of approximately Rs 432.37 lakhs. The open interest stands at 4,210 contracts, indicating ongoing interest in this option.
Despite the heightened activity, IndusInd Bank's stock has underperformed the sector by 2.92%, reflecting a day’s return of -2.75%. The stock reached an intraday low of Rs 850, marking a decline of 3.31%. Notably, the weighted average price suggests that more volume was traded closer to this low price. While the stock remains above its 5-day, 20-day, 50-day, and 100-day moving averages, it is currently below the 200-day moving average, indicating a potential trend reversal after four consecutive days of gains.

Investor participation has shown signs of decline, with delivery volume dropping by 23.77% compared to the 5-day average. However, the stock maintains sufficient liquidity for trades, with a market cap of Rs 66,601.49 crore. Overall, the activity surrounding IndusInd Bank today highlights a complex interplay of trading dynamics and market performance.