Surge in Kotak Mahindra Bank's Put Options: 3,924 Contracts at Rs 2000 Strike

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 2012.0, with a notable expiry date for the options set for September 30, 2025. The put options at a strike price of Rs 2000 have seen significant activity, with 3,924 contracts traded, resulting in a turnover of approximately Rs 130.43 lakhs. Open interest stands at 2,525 contracts, indicating ongoing interest in these options.
In terms of performance, Kotak Mahindra Bank has underperformed its sector by 0.39% today, continuing a trend of decline over the past three days, during which it has recorded a total return of -2.07%. The stock's moving averages reveal a mixed picture; while it is above the 20-day and 200-day moving averages, it remains below the 5-day, 50-day, and 100-day averages. Additionally, investor participation has decreased, with delivery volume dropping by 30.02% compared to the 5-day average.

Overall, the activity in Kotak Mahindra Bank's put options reflects a significant engagement in the market, amidst a backdrop of declining stock performance and fluctuating investor interest.