Kotak Mahindra Bank has emerged as one of the most active stock puts today amid fluctuating performance metrics.

Kotak Mahindra Bank Ltd, a prominent player in the private banking sector, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, KOTAKBANK, is currently valued at Rs 2166.0, just 2.05% shy of its 52-week high of Rs 2202.5.
Today, a total of 3,242 put contracts were traded with a turnover of Rs 57.53 lakhs, indicating significant activity. The put option has a strike price of Rs 2140 and is set to expire on March 27, 2025. Open interest stands at 1,814 contracts, reflecting ongoing interest in this option.

Despite its active trading, Kotak Mahindra Bank has underperformed its sector by 0.49% today, with a one-day return of -0.15%. The stock has been on a downward trend, experiencing a consecutive fall over the last two days, resulting in a total decline of 0.82%. It has traded within a narrow range of Rs 19.35, while liquidity remains robust, with a delivery volume of 51.83 lakhs, albeit down by 17.87% compared to the five-day average.

In summary, Kotak Mahindra Bank's put options are drawing attention amid a backdrop of fluctuating performance metrics, highlighting the stock's current market dynamics.