HDFC Bank Sees Surge in Active Put Options with 2,408 Contracts Traded at Rs 950 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 the put options segment. The bank's underlying stock, HDFCBANK, is currently valued at Rs 948.8, with a notable expiry date for the options set for September 30, 2025.
Today, 2,408 put contracts were traded at a turnover of Rs 353.35 lakhs, indicating significant activity in this option type with a strike price of Rs 950. The open interest stands at 1,883 contracts, reflecting ongoing interest among traders.

In terms of performance, HDFC Bank has underperformed its sector by 0.53%, continuing a downward trend with a six-day consecutive decline totaling 4.84%. The stock's performance today recorded a one-day return of -0.44%, contrasting with a sector return of 0.17% and a Sensex return of 0.34%.

While the stock remains above its 200-day moving average, it is currently below its 5-day, 20-day, 50-day, and 100-day moving averages. Notably, there has been a rise in investor participation, with delivery volume increasing by 26.45% compared to the five-day average. The liquidity of HDFC Bank is also robust, accommodating trade sizes of Rs 38.19 crore based on 2% of the five-day average traded value.

In summary, HDFC Bank's recent activity in the options market, coupled with its current performance metrics, underscores the dynamic nature of its trading environment.