ICICI Bank Ltd. Sees Surge in Call Options with 36,509 Contracts Traded Today

ICICI Bank Ltd., a prominent player in the private banking sector, has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying asset, ICICIBANK, saw significant activity with 36,509 call contracts traded, reflecting a turnover of approximately Rs 32.35 crore. The options have an expiry date set for April 24, 2025, with a strike price of Rs 1,420. Open interest stands at 6,017 contracts, indicating ongoing interest in this option.
In terms of price performance, ICICI Bank is currently trading at Rs 1,408.1, just 2.31% shy of its 52-week high of Rs 1,436. However, the stock has underperformed its sector by 0.86% today, marking a trend reversal after seven consecutive days of gains. Despite this, ICICI Bank remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive long-term trend.

Investor participation has seen a decline, with delivery volume dropping by 8.99% compared to the 5-day average. Nevertheless, the stock maintains sufficient liquidity for trades, with a market cap of Rs 10,02,198.17 crore, solidifying its position in the large-cap category. Overall, ICICI Bank's activity today highlights a complex interplay of market dynamics and investor behavior.