Punjab National Bank Sees Surge in Put Options Activity with 10,191 Contracts at ₹95 Strike

Punjab National Bank (PNB) has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The bank's put options with a strike price of 95, set to expire on May 29, 2025, saw a significant trading volume of 10,191 contracts, resulting in a turnover of approximately Rs 3,040.99 lakhs. Additionally, the put options with a strike price of 90 recorded 11,092 contracts traded, contributing a turnover of around Rs 1,703.73 lakhs. The open interest for these options stands at 1,358 and 1,614 contracts, respectively.
In terms of performance, Punjab National Bank has underperformed its sector by 0.4%, with a one-day return of -0.20%. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 322.47% compared to the 5-day average.

With a market capitalization of Rs 1,08,102.62 crore, Punjab National Bank remains a significant player in the public banking sector. The liquidity of the stock is adequate for trading, with a value of Rs 0.97 crore based on 2% of the 5-day average traded value. Overall, the activity in PNB's put options reflects ongoing market dynamics without indicating future price movements.