HDFC Bank's Put Options Surge with 12,065 Contracts at Rs 1940 Strike Price

HDFC Bank Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The bank, a prominent player in the private banking industry, has seen significant trading activity in its put options expiring on May 29, 2025. Notably, the put option with a strike price of Rs 1940 recorded the highest trading volume, with 12,065 contracts traded and a turnover of Rs 2,317.20 lakhs. This was closely followed by the Rs 1900 strike price put, which saw 11,760 contracts traded and a turnover of Rs 1,390.62 lakhs. The Rs 1920 strike price put also attracted attention, with 10,452 contracts traded and a turnover of Rs 1,592.94 lakhs.
The underlying value of HDFC Bank shares stands at Rs 1921.50, which is just 4.09% away from its 52-week high of Rs 1978.90. Despite this, the stock has faced a slight decline, with a one-day return of -1.36%, reflecting a broader trend as it has fallen for the last two days, resulting in a total return of -2.28%. The stock's performance today aligns with sector trends, and it remains liquid enough for trading, with a delivery volume increase of 54.63% compared to the five-day average.

In summary, HDFC Bank's put options are witnessing notable activity, reflecting current market dynamics and investor behavior without indicating future trends.