HDFC Bank Ltd. Sees Surge in Active Put Options Amid 2,588 Contracts at Rs 1940

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 1924.5, just 2.9% shy of its 52-week high of Rs 1978.9.
Notably, two put options with expiry dates set for May 29, 2025, have garnered significant attention. The put option with a strike price of Rs 1940 saw 2,588 contracts traded, resulting in a turnover of Rs 300.16 lakhs, while the Rs 1900 strike price option recorded 3,166 contracts traded with a turnover of Rs 74.73 lakhs. The open interest for these options stands at 2,890 and 2,137, respectively.

Despite the heightened activity in the options market, HDFC Bank's stock has experienced a slight decline of 0.88% over the past two days, with a one-day return of -0.02%. The stock has been trading within a narrow range of Rs 14.3 and remains above its 50-day, 100-day, and 200-day moving averages, although it is below its 5-day and 20-day moving averages.

Investor participation has seen a rise, with a delivery volume of 78.16 lakhs on May 27, reflecting a 44.35% increase compared to the five-day average. The liquidity remains robust, supporting a trade size of Rs 33.6 crores. Overall, HDFC Bank continues to be a focal point in the market, reflecting both its stability and the current dynamics of investor activity.