Surge in Kotak Mahindra Bank's Active Put Options: 10,379 Contracts Traded at Rs 2080 Strike

Kotak Mahindra Bank Ltd, a prominent player in the private sector banking industry, 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 2070.3, with a notable put option expiring on May 29, 2025, at a strike price of Rs 2080.
Today, a total of 10,379 put contracts were traded, resulting in a turnover of approximately Rs 1,144.28 lakhs. The open interest for these puts stands at 1,945 contracts, indicating a significant level of activity and interest among traders.

In terms of performance, Kotak Mahindra Bank has underperformed its sector by 1.08%, with a one-day return of -0.84%. The stock has experienced a consecutive decline over the past two days, accumulating a total drop of 1.88%. While the stock is trading above its 100-day and 200-day moving averages, it remains below the 5-day, 20-day, and 50-day moving averages, suggesting mixed short-term momentum.

Investor participation has seen a rise, with delivery volume reaching 26.97 lakhs on May 20, up by 55.97% compared to the five-day average. The liquidity of the stock remains robust, accommodating trade sizes of Rs 5.85 crore based on 2% of the five-day average traded value.

In summary, Kotak Mahindra Bank's put options activity reflects a dynamic trading environment, characterized by significant contract volumes and fluctuating performance metrics.