Surge in HDFC Bank Ltd. Call Options: 3,754 Contracts Trade at Rs 960 Strike Price

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, saw a notable increase in call options, with 3,754 contracts traded, resulting in a turnover of approximately Rs 651.62 lakhs. The options have an expiry date set for September 30, 2025, with a strike price of Rs 960, and an open interest of 4,528 contracts.
In terms of price performance, HDFC Bank's stock has shown resilience, gaining after six consecutive days of decline. The stock traded within a narrow range of Rs 4.2 today, closing at an underlying value of Rs 951.4. Performance metrics indicate that the stock's 1-day return stands at 0.13%, slightly outperforming the sector's return of 0.06% and trailing the Sensex's return of 0.24%.

Additionally, the stock's liquidity remains robust, with a delivery volume of 1.56 crore shares on September 1, reflecting a 51.45% increase compared to the five-day average. While the stock is currently above its 200-day moving average, it remains below the shorter-term moving averages, indicating a mixed trend in its recent performance. Overall, HDFC Bank's activity today underscores its significant presence in the market, driven by increased investor participation and trading volume.