Kotak Mahindra Bank Sees 5,053 Active Put Contracts at Rs 2160 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 2160.2. Notably, the put options with an expiry date of October 28, 2025, have seen significant trading activity across various strike prices.
The highest activity was recorded for the put option with a strike price of Rs 2160, where 5,053 contracts were traded, resulting in a turnover of Rs 336.53 lakhs. Following closely, the strike price of Rs 2140 saw 4,799 contracts traded with a turnover of Rs 190.81 lakhs. Other notable strike prices included Rs 2120 and Rs 2100, with 3,088 and 4,011 contracts traded, respectively.

Despite this activity, Kotak Mahindra Bank has underperformed its sector by 1.69% today, with a one-day return of -1.11%. The stock has been on a downward trend, losing 2.84% over the last two days. Additionally, the stock's liquidity remains robust, with a delivery volume of 17.52 lakhs, although this reflects a decline of 25.93% compared to the five-day average.

In summary, while Kotak Mahindra Bank's put options are actively traded, the stock itself is experiencing a challenging period in the market.