Surge in HDFC Bank Ltd. Put Options: 1,727 Contracts at Rs 1900 Strike Expired April 2025

HDFC Bank Ltd., a prominent player in the private banking sector, has seen significant activity in its put options today. The most notable trades include a put option with a strike price of Rs 1880, set to expire on April 24, 2025, where 1,436 contracts were traded, resulting in a turnover of Rs 0.554 million. Additionally, another put option with a strike price of Rs 1900, also expiring on April 24, 2025, recorded 1,727 contracts traded and a turnover of Rs 9.937 million. A separate put option with the same strike price but expiring on May 29, 2025, saw 1,533 contracts traded, contributing to a turnover of Rs 308.642 million.
Currently, HDFC Bank's underlying value stands at Rs 1915.8, just 3.3% shy of its 52-week high of Rs 1978.9. However, the stock has underperformed its sector by 0.25% today, with a one-day return of -0.50%. The stock has been on a downward trend, losing 2.35% over the past two days. Despite this, HDFC Bank remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally strong position. The liquidity remains robust, with a delivery volume of 1.21 crore shares on April 23, although this reflects a decline of 7.56% compared to the 5-day average. Overall, HDFC Bank continues to be a focal point in the market, reflecting both the challenges and strengths of its current trading environment.