HDFC Bank Ltd. Sees Surge with 22,796 Active Call Options at Rs 2020 Strike

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 trading at a value of Rs 2020.00, just 0.24% shy of its 52-week high of Rs 2027.1. The stock has shown a positive trend, gaining 3.31% over the last three days, and today it recorded a 1D return of 0.80%, outperforming the sector's 1D return of 0.67% and the Sensex's 0.47%.
In the options segment, a significant number of call contracts were traded, with 22,796 contracts exchanged, resulting in a turnover of approximately Rs 1,476.95 lakhs. The open interest stands at 10,882 contracts, indicating a robust interest in this strike price of Rs 2020, which is set to expire on July 31, 2025.

Despite a slight decline in delivery volume, which fell by 0.21% against the five-day average, HDFC Bank remains liquid enough for trading, with a trade size of Rs 41.44 crore based on 2% of the five-day average traded value. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong market position. Overall, HDFC Bank's performance today highlights its active engagement in the market and solid standing within the private sector banking industry.