HDFC Bank Ltd. Sees Surge in Put Option Activity with 4,932 Contracts Traded

HDFC Bank Ltd. 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 1988.6, just 1.61% away from its 52-week high of Rs 2027.1. The put option with a strike price of Rs 2000 is set to expire on July 31, 2025, and has seen significant trading activity, with 4,932 contracts traded and a turnover of approximately Rs 971.95 lakhs. Open interest stands at 3,078 contracts, indicating ongoing interest in this option.
In terms of performance, HDFC Bank has outperformed its sector by 0.34% today, marking three consecutive days of gains with a total return of 0.45% over this period. The stock has traded within a narrow range of Rs 11.4, reflecting stability amid market fluctuations. Notably, it is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is slightly below the 5-day moving average.

Despite a decline in delivery volume, which has fallen by 60.75% against the 5-day average, the stock remains liquid enough for trades sized at Rs 31.25 crore, suggesting a robust market presence. Overall, HDFC Bank's activity in the options market highlights its significant role in the private sector banking industry.