Yes Bank Ltd. Sees Surge in Call Option Activity with 3,086 Contracts at Rs 22 Strike

Yes Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market. The bank's call options for expiry on June 26, 2025, have seen significant trading activity, with 2,495 contracts traded at a strike price of Rs 23, resulting in a turnover of Rs 397.27 lakhs. Additionally, the call option with a strike price of Rs 22 recorded even higher activity, with 3,086 contracts traded and a turnover of Rs 667.74 lakhs. The open interest for these options stands at 2,270 and 3,572 contracts, respectively, indicating robust market engagement.
Despite this activity, Yes Bank's stock has underperformed today, falling by 7.73%, compared to a sector decline of only 0.26%. The stock reached an intraday low of Rs 21.32, reflecting an 8.42% drop. However, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term upward trend. The weighted average price indicates that more volume was traded closer to the low price, and the stock's liquidity remains strong, with a delivery volume of 17.12 crore on June 2, marking a 323.91% increase against the 5-day average.

In summary, while Yes Bank Ltd. has seen notable options activity, its stock performance today reflects a downward trend, contrasting with its longer-term moving averages.