HDFC Bank Sees Surge in Put Option Activity with 25,913 Contracts Traded

HDFC Bank Ltd., a prominent player in the private sector banking industry, 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 2009.9, just 1.69% shy of its 52-week high of Rs 2037.7.
Today, a significant number of put contracts were traded, with 25,913 contracts exchanged, resulting in a turnover of approximately Rs 923.54 lakhs. The open interest stands at 4,573 contracts, indicating a robust interest in these options. The put option has a strike price of Rs 2000 and is set to expire on July 31, 2025.

In terms of performance, HDFC Bank's stock has shown a slight decline of 0.23% over the last day, aligning closely with sector trends. The stock's moving averages indicate it is performing higher than the 20-day, 50-day, 100-day, and 200-day averages, although it is lower than the 5-day moving average. Notably, investor participation has seen a decline, with delivery volume dropping by 17.46% compared to the 5-day average.

Overall, HDFC Bank's activity in the options market reflects a dynamic trading environment, underscoring its position as a key player in the financial sector.