SBI Cards Sees 3,123 Active Put Contracts at Rs 900 Strike, Turnover Hits Rs 205.62 Lakhs

SBI Cards & Payment Services Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, SBICARD, is currently trading at Rs 903.6, with a notable expiry date for the put options set for October 28, 2025. The strike price for these puts is Rs 900, and today, 3,123 contracts were traded, resulting in a turnover of approximately Rs 205.62 lakhs. Open interest stands at 838 contracts, indicating a significant level of market engagement.
In terms of price performance, SBI Cards has underperformed its sector by 2.9%, opening the day with a loss of 2.58%. The stock reached an intraday low of Rs 890.4, reflecting a decline of 4.15%. While the stock is trading above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages, suggesting mixed short-term momentum.

Investor participation has seen a rise, with delivery volume on October 24 reaching 9.94 lakhs, up 119.51% compared to the 5-day average. The liquidity remains robust, supporting trades of up to Rs 2.51 crore based on 2% of the 5-day average traded value. Overall, the activity surrounding SBI Cards highlights a dynamic trading environment, reflecting both current market conditions and investor behavior.