Surge in HDFC Bank's Active Put Options: 32,540 Contracts at Rs 1900 Strike Price

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 1925.2, just 0.27% shy of its 52-week high of Rs 1950.7.
Today, notable activity was observed in put options with expiry set for April 24, 2025. The put option with a strike price of Rs 1900 saw the highest trading volume, with 32,540 contracts traded and a turnover of approximately Rs 1,097.09 lakhs. Following closely, the Rs 1920 strike price option recorded 22,458 contracts traded, generating a turnover of Rs 1,768.79 lakhs. The Rs 1880 strike price option also contributed significantly, with 21,606 contracts traded and a turnover of Rs 295.89 lakhs.

HDFC Bank has been on a positive trajectory, gaining 10.22% over the past six days, outperforming its sector by 0.53% today. The stock is trading above all key moving averages, indicating a strong performance trend. Additionally, the liquidity remains robust, with a delivery volume of 1.19 crore shares on April 21, reflecting a 5.71% increase compared to the five-day average.

In summary, HDFC Bank's active put options trading highlights the stock's current market dynamics, characterized by strong performance metrics and investor engagement.