HDFC Bank Sees 3,212 Active Call Contracts at Rs 2000 Strike Amid Market Fluctuations

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 trading at Rs 1975.6, just 2.47% shy of its 52-week high of Rs 2027.1.
Today, the bank saw significant activity in call options, with 3,212 contracts traded for a strike price of Rs 2000, resulting in a turnover of Rs 384.24 lakhs. The open interest stands at 5,571 contracts, indicating a robust interest in this option type as the expiry date approaches on July 31, 2025.

Despite this activity, HDFC Bank has faced a slight decline, with a 1D return of -0.51%, while the sector and Sensex reported minor losses of -0.05% and -0.28%, respectively. The stock has been on a downward trend for the past three days, experiencing a total decline of 1.64%. It has traded within a narrow range of Rs 12.4 today, and its delivery volume of 50.23 lakhs on July 11 reflects a 14.09% increase compared to the five-day average, suggesting rising investor participation.

In summary, HDFC Bank's current trading activity highlights its position in the market, characterized by notable options trading and a mixed performance against broader market trends.