HDFC Bank's Put Options Surge: 2,666 Contracts at Rs 2000 Strike Price Traded Today

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 1970.5, just 2.73% shy of its 52-week high of Rs 2037.7.
Notably, the put options with expiry on August 28, 2025, have seen significant trading activity. The strike price of Rs 1960 recorded 2,224 contracts traded, resulting in a turnover of Rs 273.51 lakhs, while the Rs 1980 strike price saw 2,630 contracts traded with a turnover of Rs 434.24 lakhs. The highest activity was observed in the Rs 2000 strike price, with 2,666 contracts traded and a turnover of Rs 579.63 lakhs.

Despite this activity, HDFC Bank's stock has faced challenges, experiencing a consecutive decline over the past four days, resulting in a one-day return of -0.88%. The stock has traded within a narrow range of Rs 11.8 and remains liquid, with a delivery volume of 54.97 lakhs on August 4, reflecting a 5.57% increase against the five-day average.

In summary, while HDFC Bank's put options are actively traded, the stock's recent performance indicates a period of volatility, warranting close observation of market trends and investor behavior.