HDFC Bank's Put Options Surge: 11,103 Contracts at Rs 1940 Strike Price Active Today

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 1932.3, just 2.63% away from its 52-week high of Rs 1978.9.
Notably, the put options expiring on June 26, 2025, have seen significant trading activity. The strike price of Rs 1940 led the pack with 11,103 contracts traded, generating a turnover of approximately Rs 1,940.26 lakhs and an open interest of 3,047 contracts. Other notable strike prices include Rs 1900, with 8,337 contracts traded and a turnover of Rs 805.72 lakhs, and Rs 1920, which saw 7,229 contracts traded for a turnover of Rs 970.97 lakhs.

In terms of performance, HDFC Bank has outperformed its sector by 0.3%, with a one-day return of 0.05%. The stock remains liquid, with a delivery volume of 90.36 lakhs, reflecting a 17.27% increase compared to the five-day average. The stock's moving averages indicate it is above the 50-day, 100-day, and 200-day averages, yet below the 5-day and 20-day averages, suggesting a mixed trend in short-term performance.

Overall, HDFC Bank's active put options trading highlights the ongoing interest in the stock, reflecting its current market dynamics and investor engagement.