HDFC Bank's Call Options Surge: 23,011 Contracts at 1860 Strike Ignite Market Activity

HDFC Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying stock, HDFCBANK, has seen significant trading activity in call options set to expire on April 24, 2025. Notably, the strike price of 1860 recorded 23,011 contracts traded, generating a turnover of approximately Rs 3,765.34 lakhs, while the 1880 strike price saw 20,585 contracts traded with a turnover of Rs 2,353.96 lakhs. The 1900 strike price also attracted attention with 24,895 contracts traded and a turnover of Rs 1,946.53 lakhs.
The underlying value of HDFCBANK is currently at Rs 1864.5, having reached a new 52-week and all-time high of Rs 1883.8 today. Despite this achievement, the stock underperformed its sector by 0.35% today, although it has shown a positive trend with a 5.98% increase over the last three days. The stock has maintained a narrow trading range of Rs 13.7 and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

With an open interest of 8,497 for the 1880 strike and rising delivery volumes, HDFC Bank continues to demonstrate robust liquidity, making it a focal point in today's trading landscape.