HDFC Bank Ltd. Sees Surge in Call Options with 10,805 Contracts at Rs 2000 Strike

HDFC Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market. The bank, a prominent player in the private banking sector, has seen significant activity in its call options, with 10,805 contracts traded for a strike price of Rs 2000, set to expire on May 29, 2025. This trading activity generated a turnover of approximately Rs 968.02 lakhs, while open interest stands at 4,640 contracts, indicating robust engagement from market participants.
The underlying value of HDFC Bank is currently at Rs 1919.9, which places it just 2.84% away from its 52-week high of Rs 1978.9. Today's performance aligns closely with the sector, as the stock has gained 0.74% compared to a 0.99% increase in the sector and a 0.56% rise in the Sensex. Notably, the stock has reversed its trend after three consecutive days of decline, suggesting a potential shift in momentum.

Despite this positive movement, there has been a decline in investor participation, with delivery volume dropping by 48.38% compared to the five-day average. HDFC Bank remains liquid, with a trade size of Rs 62.58 crore based on 2% of the five-day average traded value. Overall, HDFC Bank's activity today reflects a dynamic interplay of market forces, underscoring its position in the banking sector.