Surge in Yes Bank Ltd. Put Options: 2,933 Contracts at Rs 21 Strike Traded

Yes 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, trading at Rs 21.44, has seen significant activity with multiple strike prices attracting attention. Notably, the put option with a strike price of Rs 21 recorded 2,933 contracts traded, generating a turnover of Rs 396.54 lakhs and an open interest of 1,828 contracts. Similarly, the Rs 22 strike price saw 1,722 contracts traded, with a turnover of Rs 438.77 lakhs and an open interest of 1,625 contracts. The Rs 20 strike price also contributed with 1,990 contracts traded and a turnover of Rs 134.52 lakhs, alongside an open interest of 997 contracts.
Today, Yes Bank's performance has underperformed the sector by 7.56%, following a trend reversal after three consecutive days of gains. The stock reached an intraday low of Rs 21.32, reflecting an 8.42% decline. Despite this, Yes Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a mixed technical outlook. The liquidity remains robust, with a delivery volume of 17.12 crore on June 2, marking a 323.91% increase against the 5-day average. Overall, the activity in Yes Bank's put options highlights a notable shift in market dynamics, reflecting current investor sentiment and trading behavior.