Union Bank of India Sees 1,764 Active Put Options at Rs 140 Strike Price

Union Bank of India has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, UNIONBANK, has seen significant trading activity with 1,764 contracts traded, resulting in a turnover of approximately Rs 259.10 lakhs. The put options have a strike price of Rs 140 and are set to expire on July 31, 2025, with an open interest of 821 contracts.
Despite its active trading status, Union Bank of India has underperformed its sector by 3.78% today, reflecting a broader trend of declining performance. The stock has experienced a consecutive fall over the last three days, with a total decline of 5.84% during this period. Today, it reached an intraday low of Rs 141.54, marking a decrease of 5.8% from previous levels.

In terms of liquidity, the stock remains viable for trading, with a delivery volume of 41.33 lakhs on July 8, although this figure has decreased by 1.27% compared to the five-day average. The weighted average price indicates that more volume was traded closer to the low price, suggesting a cautious market sentiment.

Overall, Union Bank of India continues to navigate a challenging market environment, with key performance indicators reflecting a need for close monitoring.