HDFC Bank Ltd. Sees 2,885 Active Put Contracts Amid Market Volatility

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 put options. The bank's underlying stock, HDFCBANK, is currently valued at Rs 1900.2, just 4.15% shy of its 52-week high of Rs 1978.9.
Today, a total of 2,885 put contracts were traded, generating a turnover of approximately Rs 400.86 lakhs. The open interest for these puts stands at 4,025 contracts, indicating a significant level of activity and interest among traders.

In terms of price performance, HDFC Bank has underperformed its sector by 0.66% today, although it has shown signs of a trend reversal after two consecutive days of decline. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages, yet remains below its 5-day and 20-day moving averages.

Investor participation has seen a decline, with delivery volume dropping by 32.65% compared to the 5-day average. However, the stock maintains adequate liquidity, with a trade size of Rs 16.41 crore based on 2% of the 5-day average traded value.

In summary, HDFC Bank's put options activity reflects a notable engagement in the market, with key metrics indicating both challenges and resilience in its trading performance.