HDFC Bank Sees Surge in Put Options with 3,669 Contracts Traded Today

HDFC Bank Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, HDFCBANK, is currently valued at Rs 2009.5, just 0.85% shy of its 52-week high of Rs 2027.1. The bank's put options, set to expire on July 31, 2025, have seen significant trading activity, with 3,669 contracts traded and a turnover of Rs 632.346 lakhs. Open interest stands at 3,778 contracts, indicating ongoing interest in these options.
In terms of performance, HDFC Bank has outperformed its sector by 0.53%, marking a trend reversal after two consecutive days of decline. The stock has been trading within a narrow range of Rs 10, and it is currently positioned above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive short-term trend.

Despite a notable drop in delivery volume, which fell by 45.12% against the 5-day average, the stock remains liquid enough for a trade size of Rs 55.8 crore, reflecting its robust market position. The one-day return for HDFC Bank is recorded at 0.32%, while the sector and Sensex have shown returns of -0.11% and 0.10%, respectively. Overall, HDFC Bank continues to demonstrate resilience in a competitive landscape.