HDFC Bank's Put Options Surge: 21,489 Contracts at Rs 1960 Strike Price Active Today

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's underlying stock, HDFCBANK, is currently valued at Rs 1965.5, just 3.25% shy of its 52-week high of Rs 2037.7.
Notably, the put option with a strike price of Rs 1960 saw the highest activity, with 21,489 contracts traded, resulting in a turnover of Rs 1282.36 lakhs and an open interest of 2,317 contracts. Following closely, the put option at a strike price of Rs 1980 recorded 11,212 contracts traded and a turnover of Rs 1187.07 lakhs, while the Rs 1940 strike price option had 16,845 contracts traded and a turnover of Rs 487.33 lakhs.

In terms of performance, HDFC Bank has outperformed its sector by 0.25% today, with a one-day return of 0.29%, compared to the sector's 0.20% and the Sensex's 0.39%. The stock is currently trading above its 100-day and 200-day moving averages, although it remains below its 5-day, 20-day, and 50-day moving averages.

Investor participation has also seen a rise, with delivery volume increasing by 63.31% against the 5-day average. The liquidity of the stock remains robust, accommodating trade sizes of Rs 31.09 crore based on 2% of the 5-day average traded value. Overall, HDFC Bank's activity in the options market reflects significant interest, particularly in the put options, as investors navigate the current market landscape.