Kotak Mahindra Bank Sees Surge in Active Call Options with 3,835 Contracts Traded

Kotak Mahindra Bank Ltd, a prominent player in the private banking sector, has emerged as one of the most active stocks today, particularly in the options market. The stock, trading under the ticker KOTAKBANK, has seen significant activity with 3,835 call contracts traded, reflecting a turnover of Rs 266.80 lakhs. The options have an expiry date set for May 29, 2025, with a strike price of Rs 2,200 and an open interest of 2,671 contracts.
In terms of performance, Kotak Mahindra Bank has outperformed its sector by 1.47%, marking a consecutive gain over the last two days with a total return of 2.49%. The stock reached an intraday high of Rs 2,138.70, representing a 2.09% increase for the day. Currently, the stock's value stands at Rs 2,123.00, which is above the 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day and 20-day averages.

Investor participation has also seen a rise, with a delivery volume of 28.3 lakhs recorded on May 7, up by 0.78% compared to the 5-day average. The liquidity of the stock remains robust, accommodating trades of up to Rs 2.7 crore based on 2% of the 5-day average traded value. Overall, Kotak Mahindra Bank's performance today highlights its active engagement in the market, reflecting a solid position within the banking industry.