HDFC Bank's Active Put Options Surge with 6,021 Contracts at Rs 1900 Strike

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 put options. The bank's underlying stock, HDFCBANK, is currently valued at Rs 1931.7, just 2.41% shy of its 52-week high of Rs 1978.9.
Notably, two put options with expiry dates set for June 26, 2025, have garnered significant attention. The put option with a strike price of Rs 1920 saw 4,738 contracts traded, resulting in a turnover of approximately Rs 882.21 lakhs, while the Rs 1900 strike price option recorded 6,021 contracts traded with a turnover of around Rs 874.94 lakhs. The open interest for these options stands at 1,293 and 2,418 contracts, respectively.

In terms of performance, HDFC Bank has shown resilience, gaining 0.46% over the past two days, with a one-day return of 0.27%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock's liquidity remains robust, with a delivery volume of 82.13 lakhs, reflecting a 43.22% increase compared to the 5-day average.

In summary, HDFC Bank's notable activity in the options market, coupled with its solid performance metrics, underscores its significant position within the banking sector.