HDFC Bank's Call Options Surge: 2,915 Contracts at Rs 2000 Strike Highlight Market Activity

HDFC Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The bank's underlying stock, HDFCBANK, is currently valued at Rs 1990.2, just 0.42% shy of its 52-week high of Rs 1996.3.
Today, notable call options for HDFC Bank include contracts with a strike price of Rs 2000, set to expire on June 26, 2025, where 2,915 contracts were traded, generating a turnover of Rs 9.75 lakh and an open interest of 9,111. Another active option with the same strike price but expiring on July 31, 2025, saw 2,414 contracts traded, resulting in a turnover of Rs 4.73 lakh and an open interest of 3,321. Additionally, a call option with a strike price of Rs 1980, also expiring on June 26, 2025, recorded 3,188 contracts traded and a turnover of Rs 113.64 lakh, with an open interest of 4,963.

HDFC Bank's stock performance has been consistent, gaining 2.03% over the last three days, and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a slight decline in delivery volume, the stock remains liquid, with a trading capacity of Rs 42.77 crore based on 2% of the 5-day average traded value. Overall, HDFC Bank continues to demonstrate robust activity and resilience in the market.