Surge in HDFC Bank's Active Put Options: 26,066 Contracts at Rs 2000 Strike Price

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 2000.6, just 0.81% away from its 52-week high of Rs 2027.1.
Among the notable put options, the contract with a strike price of Rs 2000 saw the highest activity, with 26,066 contracts traded and a turnover of Rs 3,833.53 lakhs. This was closely followed by the Rs 1960 strike price put, which recorded 24,405 contracts traded and a turnover of Rs 1,512.74 lakhs. Other significant strike prices included Rs 1940, Rs 1900, and Rs 1920, with respective contract trades of 21,231, 17,733, and 14,166.

The open interest for these puts indicates a robust market position, with the Rs 2000 strike price showing 4,013 contracts in open interest. HDFC Bank's stock performance today has outperformed its sector by 0.25%, marking a consecutive gain over the last two days with a total return of 2.73%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend.

In summary, HDFC Bank's active put options trading highlights significant investor engagement, with liquidity levels supporting substantial trade sizes. The current market dynamics suggest a keen interest in the bank's performance as it approaches its 52-week high.