HDFC Bank's Call Options Surge with 4,222 Contracts at Rs 2000 Strike Price

HDFC Bank Ltd., a prominent player in the private banking sector, has emerged as one of the most active stocks today, particularly in the options market. The bank's call options, set to expire on May 29, 2025, with a strike price of Rs 2000, have seen significant trading activity, with 4,222 contracts exchanged, resulting in a turnover of approximately Rs 241.72 lakhs. The open interest for these options stands at 8,736 contracts, indicating a robust interest among traders.
Currently, HDFC Bank's underlying value is Rs 1936.9, positioning it just 2% away from its 52-week high of Rs 1978.9. Despite this proximity to its peak, the stock has underperformed its sector by 0.34% today, reflecting a 1.04% decline in its one-day return, compared to a 0.95% drop in the sector and a 0.59% decrease in the Sensex.

HDFC Bank continues to trade above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend in its performance metrics. However, there has been a noted decline in investor participation, with delivery volume falling by 11.98% against the 5-day average. The stock remains liquid enough for trades of Rs 0.82 crore, highlighting its accessibility in the market. Overall, HDFC Bank's activity today underscores its significant role in the banking sector, reflecting both current trading dynamics and investor engagement.