HDFC Bank's Put Options Surge: 4,034 Contracts Traded at Rs 1900 Strike Price

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 1901.0, just 3.8% shy of its 52-week high of Rs 1978.9.
Today, a total of 4,034 put contracts were traded, generating a turnover of approximately Rs 735.48 lakhs. The open interest for these puts stands at 3,815 contracts, indicating a significant level of activity. The put option has a strike price of Rs 1900, with an expiry date set for May 29, 2025.

In terms of performance, HDFC Bank has underperformed its sector by 0.45% today, with a one-day return of -0.99%. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below its 5-day moving average. Notably, investor participation has seen a decline, with delivery volume dropping by 53.59% compared to the five-day average.

Despite these fluctuations, HDFC Bank maintains a robust market capitalization of Rs 14,54,763.86 crore, reflecting its large-cap status and liquidity, which remains sufficient for trades around Rs 49.22 crore. Overall, the activity in HDFC Bank's put options highlights the ongoing dynamics within the stock, warranting attention from market participants.