HDFC Bank Sees Surge in Active Put Options with 2,130 Contracts at Rs 1940 Strike

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, is currently valued at Rs 1941.4, just 2.32% shy of its 52-week high of Rs 1978.9.
Today, two notable put options have garnered significant attention. The put option with a strike price of Rs 1900 saw 1,720 contracts traded, resulting in a turnover of Rs 167.82 lakhs, while the Rs 1940 strike price option recorded 2,130 contracts traded, with a turnover of Rs 382.29 lakhs. The open interest for these options stands at 3,076 and 2,346 contracts, respectively, indicating a robust interest in these positions.

In terms of performance, HDFC Bank has outperformed its sector by 0.36%, with a one-day return of 0.40%. However, there has been a notable decline in investor participation, with delivery volume dropping by 34.81% compared to the five-day average. The stock remains liquid, with a trading capacity of Rs 46.66 crores based on 2% of the five-day average traded value.

Overall, HDFC Bank's activity in the options market reflects a dynamic trading environment, underscoring the bank's significant market presence and investor engagement.