HDFC Bank Ltd. Sees Surge in Active Call Options with 12,470 Contracts at Rs 960 Strike

HDFC Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today, particularly in the options market. The bank's call options, set to expire on September 30, 2025, have seen significant trading activity, with 12,470 contracts exchanged at a strike price of Rs 960. This trading generated a turnover of approximately Rs 2,122.02 lakhs, while the open interest stands at 5,672 contracts, indicating a robust interest in this option.
In terms of price performance, HDFC Bank's underlying value is currently at Rs 946.8. The stock has faced challenges recently, experiencing a consecutive decline over the past eight days, resulting in a total drop of 5.36%. Today's performance aligns closely with the sector, with the stock recording a 1D return of -0.36%, compared to a sector return of -0.05% and a Sensex return of -0.08%.

Despite trading within a narrow range of Rs 6.8, HDFC Bank's liquidity remains favorable, with a delivery volume of 88.04 lakhs on September 2, although this reflects a decline of 26.24% against the five-day average. The stock's moving averages indicate it is above the 200-day average but below the shorter-term averages, suggesting mixed momentum. Overall, HDFC Bank continues to be a focal point in the market, reflecting the dynamics of the banking sector.