Surge in Kotak Mahindra Bank Put Options: 27,408 Contracts at Rs 1980 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 1968.7. Notably, several put options with an expiry date of July 31, 2025, have seen significant trading activity.
The put option with a strike price of Rs 1980 recorded the highest number of contracts traded at 27,408, generating a turnover of approximately Rs 1962.41 lakhs. Following closely, the strike price of Rs 2000 saw 23,196 contracts traded, resulting in a turnover of Rs 2356.71 lakhs. Other notable strike prices include Rs 1960 with 24,666 contracts and Rs 1940 with 12,911 contracts traded, reflecting a robust interest in these options.

In terms of performance, Kotak Mahindra Bank has outperformed its sector by 0.7%, although it has experienced a slight decline of 0.23% in its one-day return. The stock's liquidity remains strong, with a delivery volume of 85.68 lakhs, which has surged by 458.98% compared to the five-day average. The stock is trading above its 200-day moving average but below its shorter-term moving averages, indicating mixed trends in investor sentiment.

Overall, the activity in Kotak Mahindra Bank's put options highlights a significant engagement from traders, reflecting the stock's current market dynamics.