HDFC Bank's Call Options Surge: 52,439 Contracts at Rs 1940 Strike Unleash Activity

HDFC Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying stock, HDFCBANK, is currently valued at Rs 1925.2, just 0.27% shy of its 52-week high of Rs 1950.7. The stock has shown impressive performance, gaining 10.22% over the past six days and outperforming its sector by 0.53% today.
In the options segment, notable activity was observed in call options with an expiry date of April 24, 2025. The strike price of Rs 1940 saw the highest trading volume, with 52,439 contracts traded and a turnover of Rs 3,839.68 lakhs. Following closely, the Rs 1960 strike price recorded 44,032 contracts traded, generating a turnover of Rs 2,114.20 lakhs. The Rs 2000 strike price also attracted significant interest, with 37,898 contracts traded and a turnover of Rs 704.52 lakhs.

Open interest for these options stands at 9,508 for the Rs 1940 strike, 6,671 for the Rs 1960 strike, and 5,502 for the Rs 2000 strike, indicating robust market engagement. HDFC Bank's liquidity remains strong, with a delivery volume of 1.19 crore shares on April 21, reflecting a 5.71% increase compared to the five-day average.

Overall, HDFC Bank's performance metrics and active options trading highlight its significant position in the private banking sector, underscoring the stock's current market dynamics.