HDFC Bank Sees Surge in Active Put Options with 2,072 Contracts Traded at Rs 2,000 Strike

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 put options, set to expire on July 31, 2025, have seen significant trading activity, with 2,072 contracts exchanged at a turnover of approximately Rs 391.47 lakhs. The strike price for these puts is set at Rs 2,000, while the underlying value of HDFC Bank stands at Rs 2,001.50, just 1.32% shy of its 52-week high of Rs 2,027.10.
Despite this activity, HDFC Bank's performance today has underperformed its sector by 0.4%, with a one-day return of -0.64%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in its price movement. However, there has been a notable decline in investor participation, with delivery volume dropping by 44% compared to the 5-day average.

With an open interest of 3,410 contracts, HDFC Bank continues to demonstrate liquidity, sufficient for trades amounting to Rs 52.53 crore, reflecting its status as a large-cap entity with a market capitalization of Rs 15,33,045.98 crore. Overall, the activity in HDFC Bank's put options highlights the ongoing interest in this large-cap stock amid fluctuating market conditions.