Kotak Mahindra Bank Sees 14,462 Active Put Contracts at Rs 2140 Strike Price

Kotak Mahindra Bank Ltd 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 2149.4. Notably, two put options with expiry dates set for October 28, 2025, have garnered significant attention.
The first put option, with a strike price of Rs 2160, saw 13,599 contracts traded, resulting in a turnover of approximately Rs 785.48 lakhs. The open interest for this option stands at 763 contracts. Meanwhile, the second put option, with a strike price of Rs 2140, recorded 14,462 contracts traded and a turnover of around Rs 445.43 lakhs, with an open interest of 1,527 contracts.

In terms of price performance, Kotak Mahindra Bank's stock has shown resilience, gaining 0.42% today, in contrast to a sector return of -0.20%. The stock has recently reversed a two-day decline and is trading within a narrow range of Rs 19. It remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is slightly below the 5-day moving average. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 36.65% compared to the five-day average.

Overall, Kotak Mahindra Bank's activity in the options market reflects a dynamic trading environment, underscoring its position within the private sector banking industry.