HDFC Bank Sees Surge in Active Put Options with 10,775 Contracts Traded at Rs 1900 Strike

HDFC Bank Ltd., a prominent player in the private banking sector, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The bank's underlying stock, HDFCBANK, is currently valued at Rs 1917.3, just 2.84% shy of its 52-week high of Rs 1978.9.
Today, a total of 10,775 put contracts were traded with a turnover of approximately Rs 2181.29 lakhs, indicating significant activity. The open interest stands at 3,234 contracts, reflecting ongoing interest in this option type, which expires on May 29, 2025, at a strike price of Rs 1900.

In terms of performance, HDFC Bank's stock has shown resilience, gaining 0.74% today, which is in line with the sector's performance of 0.99% and the Sensex's return of 0.56%. The stock has reversed its trend after three consecutive days of decline, and its current price is above the 20-day, 50-day, 100-day, and 200-day moving averages, although it is slightly below the 5-day moving average.

Despite a notable drop in investor participation, with delivery volume decreasing by 48.38% compared to the five-day average, the stock remains liquid enough for trades of Rs 62.58 crore, indicating a healthy trading environment. Overall, HDFC Bank's activity in the options market today highlights its significant presence and ongoing interest among traders.