Surge in Active Put Options for Kotak Mahindra Bank with 15,827 Contracts at Rs 2100

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 bank's underlying stock, KOTAKBANK, is currently valued at Rs 2085. Notably, the put options with an expiry date of May 29, 2025, have seen significant trading activity across various strike prices.
The most actively traded put option was at a strike price of Rs 2100, with 15,827 contracts exchanged, resulting in a turnover of approximately Rs 3,440.79 lakhs and an open interest of 1,562 contracts. Other notable strike prices include Rs 2000, with 15,250 contracts traded and a turnover of Rs 1,238.3 lakhs, and Rs 2060, where 10,461 contracts were traded, generating a turnover of Rs 1,662.04 lakhs.

Despite the heightened activity in the options market, Kotak Mahindra Bank has faced challenges in its stock performance, experiencing a decline of 6.02% over the past three days. The stock has been trading within a narrow range of Rs 18.3 and has shown a one-day return of -0.53%. While the stock remains above its 50, 100, and 200-day moving averages, it is currently below its 5 and 20-day moving averages.

Overall, the liquidity remains robust, with a delivery volume of 46.5 lakhs on May 5, reflecting a 139.54% increase compared to the five-day average. This activity underscores the dynamic nature of Kotak Mahindra Bank's stock in the current market environment.