HDFC Bank Sees 6,802 Put Contracts Trade at Rs 980 Strike Price

HDFC Bank Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The bank's underlying stock, HDFCBANK, is currently trading at Rs 989.6, just 3.19% away from its 52-week high of Rs 1020.5. The put options expiring on November 25, 2025, have seen significant activity, with 6,802 contracts traded and a turnover of Rs 468.39 lakhs. Open interest stands at 2,722 contracts, indicating a robust interest in this option type. In terms of performance, HDFC Bank has outperformed its sector by 0.56% today, reflecting its strong market position. The stock is currently above its 50-day, 100-day, and 200-day moving averages, although it is below the 5-day and 20-day moving averages. Notably, investor participation has seen a decline, with delivery volume dropping by 14.51% compared to the 5-day average. Liquidity remains favorable, with the stock liquid enough for a trade size of Rs 32.31 crores, based on 2% of the 5-day average traded value. The one-day return for HDFC Bank is recorded at 0.47%, contrasting with a slight decline in the sector and the broader Sensex. Overall, HDFC Bank's activity in the options market highlights its ongoing significance in the private sector banking industry.