HDFC Bank Ltd. Sees Surge in Put Options with 4,070 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 1951.0, just 1.36% shy of its 52-week high of Rs 1978.9. The bank's put options, set to expire on June 26, 2025, have seen significant trading activity, with 4,070 contracts exchanged, resulting in a turnover of Rs 564.67 lakhs. Open interest stands at 4,714 contracts, indicating a robust interest in these options.
In terms of performance, HDFC Bank has been gaining traction, recording a 1.44% increase over the last two days. The stock has maintained a narrow trading range of Rs 18.7, reflecting stability in its price movements. Notably, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price trajectory.

Despite a recent decline in delivery volume, which fell by 40.29% against the 5-day average, the stock remains liquid, with a trade size of Rs 44.19 crore based on 2% of the 5-day average traded value. Overall, HDFC Bank's current activity in the options market highlights its significant position within the private sector banking industry.