Surge in Active Call Options for HDFC Bank at Rs 2000 Strike Price

HDFC Bank Ltd. 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 1941.8, just 1.84% away from its 52-week high of Rs 1978.9. The stock has shown resilience, outperforming its sector by 0.79% and gaining 1.02% over the last two days.
Today, HDFC Bank's call options with a strike price of Rs 2000 have seen significant activity, with 10,096 contracts traded, resulting in a turnover of Rs 931.81 lakhs. The open interest stands at 6,033 contracts, indicating a robust interest in this option. The stock has maintained a narrow trading range of Rs 18.4, reflecting stability in its price movements.

In terms of performance metrics, HDFC Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Additionally, the delivery volume has increased significantly, with 82.13 lakhs traded on May 29, marking a 43.22% rise compared to the 5-day average. The liquidity remains favorable, with a trade size of Rs 37.76 crore based on 2% of the 5-day average traded value.

In summary, HDFC Bank's current performance and trading activity highlight its strong market position within the private sector banking industry, reflecting a solid interest from investors.