HDFC Bank Ltd. Sees Surge in Call Options Activity with 22,787 Contracts at 2000 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 underlying stock, HDFCBANK, is currently valued at Rs 2017.7, just 1.33% shy of its 52-week high of Rs 2027.1.
Today, notable activity was observed in call options with expiry dates extending to July 31, 2025, and June 26, 2025. The 2000 strike price call option for July 31 saw 22,787 contracts traded, generating a turnover of approximately Rs 4894.08 lakhs and an open interest of 3,529 contracts. Meanwhile, the 2100 strike price call option for the same expiry recorded 13,824 contracts traded, with a turnover of Rs 770.96 lakhs and an open interest of 3,004 contracts. Additionally, the June 26 call option at the same strike price of 2000 had 31,707 contracts traded, contributing Rs 437.72 lakhs to the turnover and an open interest of 6,700 contracts.

Despite this activity, HDFC Bank's stock has underperformed its sector by 0.65% today, with a 1D return of -1.05%. The stock has recently experienced a trend reversal after three consecutive days of gains and has traded within a narrow range of Rs 19.6. However, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a stable position in the market. The liquidity remains robust, with a delivery volume of 1.73 crore on June 26, reflecting a significant increase of 142.83% against the 5-day average delivery volume.

In summary, HDFC Bank's options activity highlights a dynamic trading environment, with substantial participation in call options, while the stock navigates a slight downturn amidst broader market trends.