Surge in HDFC Bank's Active Put Options: 2,191 Contracts at Rs 1960 Strike Traded

HDFC Bank Ltd., a prominent player in the private sector banking industry, has seen significant activity in its put options today. The most notable trades include puts with strike prices of Rs 1900 and Rs 1960, both set to expire on June 26, 2025. The put option at Rs 1900 recorded 2,092 contracts traded, generating a turnover of approximately Rs 87.75 lakhs, while the Rs 1960 put saw 2,191 contracts traded with a turnover of around Rs 298.93 lakhs. The open interest for these options stands at 4,910 and 3,743, respectively, indicating a robust interest in these strike prices.
Currently, HDFC Bank's underlying value is at Rs 1955.7, just 2.02% shy of its 52-week high of Rs 1996.3. Despite this proximity to its peak, the stock has experienced a slight decline of 1.12% over the past two days, with a one-day return of -0.44%. The stock has been trading within a narrow range of Rs 11 and remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a noticeable drop in investor participation, with delivery volume decreasing by 20.72% compared to the 5-day average.

In summary, HDFC Bank's put options are drawing considerable attention amid a backdrop of fluctuating stock performance and changing investor dynamics.