Surge in HDFC Bank Put Options: 9,897 Contracts at Rs 1900 Strike Captivate Traders

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, a prominent player in the private banking sector, has seen significant trading activity in puts with various strike prices ahead of the expiry date on May 29, 2025.
Notably, the put option with a strike price of Rs 1960 recorded 7,562 contracts traded, generating a turnover of approximately Rs 1,434.4 lakhs and an open interest of 2,472 contracts. Similarly, the Rs 1920 strike price saw 7,960 contracts traded, with a turnover of Rs 837.06 lakhs and an open interest of 2,721. The Rs 1900 strike price option was even more active, with 9,897 contracts traded and a turnover of Rs 764.24 lakhs, while the Rs 1940 strike price option had 10,155 contracts traded, resulting in a turnover of Rs 1,428.71 lakhs and an open interest of 2,839.

The underlying value of HDFC Bank shares stands at Rs 1923.7, which is close to its 52-week high of Rs 1978.9, just 2.85% away. The stock has shown a narrow trading range of Rs 9.2 today and has been performing inline with its sector. Despite a slight one-day return of -0.01%, the stock remains above its 20, 50, 100, and 200-day moving averages, indicating a stable position in the market.

In summary, HDFC Bank's put options are witnessing heightened activity, reflecting the dynamics of investor engagement in the current market environment.