HDFC Bank's Call Options Surge: 13,525 Contracts at Rs 2000 Strike Ignite Market Interest

HDFC Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The bank's underlying stock, HDFCBANK, is currently valued at Rs 1970.7, just 0.63% shy of its 52-week high of Rs 1978.9.
Today, two notable call options are drawing attention. The first, with a strike price of Rs 1960, saw 11,358 contracts traded, resulting in a turnover of approximately Rs 2,144.70 lakhs and an open interest of 4,677 contracts. The second call option, with a strike price of Rs 2000, recorded 13,525 contracts traded, generating a turnover of around Rs 1,313.75 lakhs and an open interest of 10,769 contracts.

HDFC Bank has been on a positive trajectory, gaining 2.18% over the last three days, with a 1.13% return today, outperforming its sector's 0.92% return and the Sensex's 0.65%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trend. However, there has been a noted decline in investor participation, with delivery volume dropping by 15.43% compared to the 5-day average.

In summary, HDFC Bank's robust trading activity and performance metrics highlight its strong market position within the private sector banking landscape.