HDFC Bank Sees Surge in Put Options Activity: 4,494 Contracts at Rs 1920 Strike

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 1917.8, just 3.12% shy of its 52-week high of Rs 1978.9.
Today, two significant put options were traded with expiry set for May 29, 2025. The first option, with a strike price of Rs 1900, saw 4,474 contracts traded, generating a turnover of Rs 311.33 lakhs and an open interest of 3,273 contracts. The second option, with a strike price of Rs 1920, recorded 4,494 contracts traded, resulting in a turnover of Rs 485.13 lakhs and an open interest of 2,395 contracts.

Despite these active trades, HDFC Bank's stock has underperformed its sector by 0.33% today, reflecting a one-day return of -0.91%. The stock has also experienced a trend reversal after three consecutive days of gains. While it remains above the 50-day, 100-day, and 200-day moving averages, it is currently below the 5-day and 20-day moving averages. Additionally, investor participation has declined, with delivery volume dropping by 53.56% compared to the five-day average.

In summary, HDFC Bank's notable activity in put options today highlights the dynamics of its trading environment, characterized by significant turnover and open interest, while the stock itself navigates a challenging market landscape.