Surge in HDFC Bank's Call Options: 10,537 Contracts at Rs 2000 Strike Price

HDFC Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying stock, HDFCBANK, is currently trading at Rs 1995.2, just 2.27% away from its 52-week high of Rs 2037.7.
Today, the bank's call options with a strike price of Rs 2000 have seen significant activity, with 10,537 contracts traded, resulting in a turnover of approximately Rs 1152.70 lakhs. The open interest stands at 5,352 contracts, indicating a robust interest in this option type as the expiry date approaches on August 28, 2025.

In terms of performance, HDFC Bank has outperformed its sector by 0.32%, marking a consecutive gain over the last two days with a total return of 1.15% during this period. The stock is currently trading above its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average.

Despite a slight decline in delivery volume, which has decreased by 2.59% compared to the 5-day average, the stock maintains a liquidity level sufficient for a trade size of Rs 26.57 crore, reflecting its strong market position. Overall, HDFC Bank continues to demonstrate notable activity and resilience in the current market landscape.