Bandhan Bank has emerged as one of the most active stock puts today amid bearish trends.

Bandhan Bank Ltd., a prominent player in the private banking sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The underlying stock, BANDHANBNK, is currently valued at Rs 139.22. Notably, there were 3,657 put contracts traded with a premium turnover of approximately Rs 15.69 crore, indicating significant activity in this segment. The options have a strike price of Rs 140 and are set to expire on March 27, 2025, with an open interest of 1,266 contracts.
In terms of price performance, Bandhan Bank has underperformed its sector by 4.77%, reflecting a broader trend of decline, as the stock has experienced a consecutive fall over the past two days, resulting in a total return of -6.19%. Today, the stock opened with a gap down of 2.14% and reached an intraday low of Rs 138.27, marking a decline of 6.56%. The weighted average price indicates that more volume was traded closer to this low price.

Additionally, Bandhan Bank is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a bearish trend. Investor participation has also seen a decline, with delivery volume dropping by 21.83% compared to the 5-day average. Despite these challenges, the stock remains liquid enough for trades sized at Rs 2.97 crore, with a market capitalization of Rs 22,777.52 crore.

In summary, Bandhan Bank's recent performance and the notable activity in its put options reflect a complex market environment, underscoring the stock's current challenges and investor dynamics.