Surge in Kotak Mahindra Bank Call Options: 3,671 Contracts Trade at Rs 2,000 Strike

Kotak Mahindra Bank Ltd has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying asset, KOTAKBANK, saw significant activity with 3,671 call contracts traded, resulting in a turnover of approximately Rs 528.92 lakhs. The options have an expiry date set for September 30, 2025, with a strike price of Rs 2,000. Open interest stands at 2,460 contracts, indicating a robust interest in these options.
In terms of performance, Kotak Mahindra Bank has outperformed its sector by 0.84%, marking a notable trend reversal after four consecutive days of decline. The stock reached an intraday high of Rs 1,984.90, reflecting a gain of 2.07% for the day. However, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a cautious outlook in the short term.

Investor participation has also increased, with a delivery volume of 24.53 lakhs on August 28, up 24.2% compared to the 5-day average. The stock's liquidity remains strong, accommodating trade sizes of Rs 11.94 crores based on 2% of the 5-day average traded value. Overall, Kotak Mahindra Bank's activity today highlights a significant shift in trading dynamics within the private sector banking industry.