Kotak Mahindra Bank's Call Options Surge: 9,268 Contracts at Rs 2200 Strike Price

Kotak Mahindra Bank Ltd has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying stock, KOTAKBANK, has seen significant trading activity in call options set to expire on May 29, 2025. Notably, the call option with a strike price of Rs 2200 led the activity with 9,268 contracts traded, resulting in a turnover of approximately Rs 683.97 lakhs and an open interest of 2,667 contracts.
In comparison, the call options with strike prices of Rs 2100 and Rs 2300 recorded 6,066 and 6,114 contracts traded, respectively, with turnovers of Rs 1,177.06 lakhs and Rs 141.27 lakhs, and open interests of 1,868 and 2,465 contracts. The underlying value of KOTAKBANK stands at Rs 2,075.90.

Despite this activity, the stock has underperformed, falling 5.10% today, which is a stark contrast to the sector's decline of only 0.27%. The stock opened with a gap down of 3.67% and reached an intraday low of Rs 2,065, marking a consecutive decline over the past two days with a total drop of 6.38%.

While the stock remains above its 50, 100, and 200-day moving averages, it is currently below its 5 and 20-day averages. Additionally, liquidity remains adequate for trades around Rs 4.63 crore, although delivery volume has decreased by 11.32% compared to the five-day average. Overall, Kotak Mahindra Bank's current trading dynamics reflect a complex interplay of market activity and performance metrics.