Surge in HDFC Bank's Put Options: 24,484 Contracts Traded at Rs 1900 Strike Price

May 12 2025 10:00 AM IST
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HDFC Bank Ltd. has become a notable presence in the options market, particularly with put options, as it approaches its 52-week high. Today, 24,484 put contracts were traded, reflecting strong interest. The bank's stock has shown resilience, trading above key moving averages despite a decline in delivery volume.
HDFC Bank Ltd., a prominent player in the private banking sector, 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 1893.7, just 1.9% shy of its 52-week high of Rs 1978.9.

Today, a significant number of put contracts were traded, with 24,484 contracts exchanged, resulting in a turnover of approximately Rs 4824.58 lakhs. The put option has a strike price of Rs 1900 and is set to expire on May 29, 2025. Open interest stands at 3,789 contracts, indicating ongoing interest in this option.

In terms of performance, HDFC Bank has shown resilience, gaining 2.97% today, which aligns closely with the broader banking sector's increase of 2.87%. The stock has rebounded after two consecutive days of decline, reaching an intraday high of Rs 1943.2. Notably, HDFC Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend.

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 based on 2% of the 5-day average traded value. Overall, HDFC Bank's activity in the options market today highlights its significant presence and ongoing performance in the financial sector.
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