HDFC Bank Ltd. Sees Surge in Active Call Options with 11,120 Contracts at Rs 1960

HDFC Bank Ltd., a prominent player in the private banking sector, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The bank's underlying stock, HDFCBANK, is currently valued at Rs 1955.9, just 1% shy of its 52-week high of Rs 1978.9.
Today, two notable call options have drawn considerable interest. The call option with a strike price of Rs 1960 saw 11,120 contracts traded, generating a turnover of approximately Rs 1,481.45 lakhs, while the Rs 2000 strike price option recorded 12,188 contracts traded with a turnover of Rs 729.69 lakhs. Open interest for these options stands at 5,490 and 5,552 contracts, respectively, indicating robust market engagement.

In terms of performance, HDFC Bank has outperformed its sector by 0.4%, rebounding after two consecutive days of decline. The stock reached an intraday high of Rs 1959.9, marking a 3.71% increase for the day. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend reversal.

Despite a decline in delivery volume, which fell by 19.95% against the 5-day average, the stock remains liquid enough for trades of Rs 0.78 crore, reflecting its strong market position. Overall, HDFC Bank's activity today underscores its resilience and ongoing relevance in the banking sector.