Kotak Mahindra Bank's Rs 2000 Puts Surge with 5,246 Contracts Traded

Kotak Mahindra Bank Ltd, a prominent player in the private sector banking industry, 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 2097.8, with a notable expiry date for the options set for October 28, 2025.
Today, 5,246 put contracts were traded at a turnover of Rs 240.69 lakhs, indicating significant activity in this option type with a strike price of Rs 2000. The open interest stands at 2,569 contracts, reflecting ongoing interest among traders.

In terms of performance, Kotak Mahindra Bank has outperformed its sector by 1.7%, marking a consecutive gain over the last three days with a total return of 5.47% during this period. The stock reached an intraday high of Rs 2106, representing a 2.07% increase. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Investor participation has seen a rise, with a delivery volume of 45.94 lakhs on October 1, up by 54.36% compared to the 5-day average. The liquidity remains robust, accommodating trade sizes of Rs 19.54 crore based on 2% of the 5-day average traded value.

In summary, Kotak Mahindra Bank's recent performance and active options trading reflect its solid market position and investor engagement, underscoring its significance in the financial landscape.