Surge in Call Options for Kotak Mahindra Bank: 13,911 Contracts at Rs 2000 Strike

Kotak Mahindra Bank Ltd has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying asset, KOTAKBANK, has seen significant trading activity in call options set to expire on July 31, 2025. Notably, the call option with a strike price of Rs 2000 recorded the highest volume, with 13,911 contracts traded and a turnover of Rs 1,098.97 lakhs. This was followed by the Rs 2040 strike price option, which saw 11,624 contracts traded and a turnover of Rs 415.21 lakhs. The Rs 2020 strike price option also attracted attention, with 8,611 contracts traded and a turnover of Rs 447.43 lakhs.
Despite this activity, Kotak Mahindra Bank's stock has underperformed, falling 6.45% today, which is significantly worse than the sector's decline of 0.32%. The stock opened down 4.67% and reached an intraday low of Rs 1977, marking a three-day consecutive decline totaling 8.35%. The stock's performance metrics indicate it is trading above its 200-day moving average but below its shorter-term moving averages. Additionally, delivery volume has decreased by 24.66% compared to the five-day average, suggesting a decline in investor participation. Overall, while trading activity remains robust, the stock's recent performance reflects broader challenges.