HDFC Bank Ltd. Sees Surge in Call Option Activity with 8,980 Contracts Traded

HDFC Bank Ltd. has emerged as one of the most active stocks today, reflecting significant trading activity in the options market. The underlying stock, HDFCBANK, is currently valued at Rs 2017.8, just 1.04% shy of its 52-week high of Rs 2037.7. The bank's call options, set to expire on July 31, 2025, have seen a robust trading volume, with 8,980 contracts traded, resulting in a turnover of Rs 397.59 lakhs. Open interest stands at 10,497 contracts, indicating a strong interest in this option.
In terms of performance, HDFC Bank has outperformed its sector by 0.83%, marking a trend reversal after two consecutive days of decline. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive momentum. However, it is noteworthy that investor participation has decreased, with a delivery volume of 27.18 lakhs on July 25, down 54.13% from the 5-day average.

Overall, HDFC Bank's activity today highlights its strong market position within the private sector banking industry, characterized by substantial trading volumes and a favorable performance relative to its sector.