HDFC Bank Ltd. Sees Surge in Active Put Options with 11,974 Contracts at Rs 1980 Strike

HDFC Bank Ltd., a prominent player in the private sector banking industry, has seen significant activity in its put options today, particularly for contracts expiring on June 26, 2025. The underlying stock, HDFCBANK, is currently valued at Rs 1980.4, just 1.65% shy of its 52-week high of Rs 1996.3.
Among the most active puts, the contract with a strike price of Rs 1980 led the trading with 11,974 contracts exchanged, resulting in a turnover of approximately Rs 1724.03 lakhs and an open interest of 3,126. Following closely, the Rs 1960 strike price put saw 8,527 contracts traded, contributing Rs 882.44 lakhs to the turnover, with an open interest of 3,878. The Rs 1900 strike price put also attracted attention, with 7,313 contracts traded and a turnover of Rs 278.69 lakhs, reflecting an open interest of 4,835.

Despite these trading activities, HDFC Bank's stock has underperformed its sector by 0.45% today, with a one-day return of -0.48%. The stock has experienced a trend reversal after four consecutive days of gains and is currently trading above its moving averages across various time frames. However, investor participation has declined, with delivery volume dropping by 32.45% compared to the five-day average.

In summary, HDFC Bank's put options are witnessing notable trading volumes, indicating a focus on risk management among investors amid recent price fluctuations.