HDFC Bank's Put Options Surge: 10,559 Contracts Traded at Rs 1,900 Strike Price

HDFC Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The bank's underlying stock, HDFCBANK, has seen significant activity with 10,559 contracts traded, resulting in a turnover of approximately Rs 214.12 lakhs. The put options have a strike price of Rs 1,900 and are set to expire on May 29, 2025, with an open interest of 1,928 contracts.
Today, HDFC Bank's stock is valued at Rs 1,924.1, just 2.52% shy of its 52-week high of Rs 1,978.9. The stock has shown resilience, gaining after two consecutive days of decline and outperforming its sector by 0.3%. It has traded within a narrow range of Rs 13.4, indicating stability in its price movements.

In terms of liquidity, HDFC Bank remains robust, with a delivery volume of 67.2 lakhs on May 28, reflecting a 26.58% increase compared to its five-day average. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its performance metrics.

In summary, HDFC Bank's notable activity in put options today highlights its strong market position and performance indicators, reflecting a dynamic trading environment.