HDFC Bank Ltd. Sees Surge in Active Call Options with 3,392 Contracts Traded

HDFC Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today, particularly in the options market. The bank's call options, set to expire on August 28, 2025, with a strike price of Rs 2000, saw significant trading activity, with 3,392 contracts exchanged and a turnover of Rs 466.59 lakhs. The open interest for these contracts stands at 4,434, indicating a robust interest among traders.
Currently, HDFC Bank's underlying value is Rs 1970.5, placing it just 2.73% away from its 52-week high of Rs 2037.7. Despite this proximity to its peak, the stock has faced challenges recently, experiencing a decline of 2.08% over the past four days. Today's performance aligns closely with the sector, which saw a 1D return of -0.37%, while HDFC Bank recorded a 1D return of -0.88%.

The stock has been trading within a narrow range of Rs 11.8, and its liquidity remains strong, with a delivery volume of 54.97 lakhs on August 4, reflecting a 5.57% increase compared to the five-day average. HDFC Bank's moving averages indicate that it is performing above the 50-day, 100-day, and 200-day averages, yet below the 5-day and 20-day averages. Overall, HDFC Bank continues to be a focal point in the market, showcasing both activity and resilience amid recent fluctuations.