HDFC Bank's Put Options Surge: 18,487 Contracts at Rs 1860 Strike Traded Today

HDFC Bank Ltd., a prominent player in the private banking sector, has seen significant activity in its put options today, particularly for the expiry date of April 24, 2025. The stock, currently valued at Rs 1869.2, has experienced notable trading volumes across various strike prices. The most active put option was at a strike price of Rs 1860, with 18,487 contracts traded and a turnover of Rs 2,211.51 lakhs. Other active puts included strike prices of Rs 1820, Rs 1840, and Rs 1800, with respective contracts traded of 8,753, 11,964, and 16,279, contributing to a total turnover of Rs 454.94 lakhs, Rs 927.15 lakhs, and Rs 597.20 lakhs.
Despite the stock underperforming its sector by 0.35% today, it has shown resilience with a 5.98% increase over the past three days. HDFC Bank has also reached a new 52-week high of Rs 1883.8. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the delivery volume has surged by 73.29% compared to the 5-day average, reflecting rising investor participation. With an open interest of 2,691 for the Rs 1820 strike and 3,879 for the Rs 1840 strike, liquidity remains robust, supporting a trade size of Rs 66.21 crore. Overall, HDFC Bank's performance today highlights its active trading environment and solid market position.