Surge in Kotak Mahindra Bank Put Options: 23,110 Contracts at Rs 1980 Strike Active

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 1976.3. Notably, the put options with expiry on July 31, 2025, have seen significant trading activity across various strike prices.
The put option with a strike price of Rs 1960 recorded 15,147 contracts traded, generating a turnover of Rs 637.99 lakhs and an open interest of 1,395 contracts. Meanwhile, the Rs 2000 strike price saw 20,504 contracts traded, with a turnover of Rs 1,955.26 lakhs and an open interest of 2,441. The most active was the Rs 1980 strike price, which had 23,110 contracts traded, resulting in a turnover of Rs 1,556.69 lakhs and an open interest of 1,504.

In terms of performance, Kotak Mahindra Bank has underperformed its sector by 6.41%, with a one-day return of -6.81%. The stock has been on a downward trend, losing 8.77% over the past three days. It opened with a gap down of 4.67% today and reached an intraday low of Rs 1977, reflecting a decline of 6.95%. The stock's liquidity remains adequate, with a delivery volume of 12.28 lakhs, although this figure has decreased by 24.66% compared to the five-day average.

Overall, the activity in Kotak Mahindra Bank's put options highlights the current market dynamics surrounding the stock, which is experiencing notable volatility and investor participation.