HDFC Bank Sees Surge in Active Put Options with 6,223 Contracts Traded Today

HDFC Bank Ltd., a prominent player in the private banking sector, has seen significant activity in its put options today. The stock, trading under the ticker HDFCBANK, has an underlying value of Rs 1905.8, just 2.71% shy of its 52-week high of Rs 1978.9. The put options expiring on May 29, 2025, have attracted considerable attention, with 6,223 contracts traded and a turnover of Rs 1,171.24 lakhs. Open interest stands at 3,860 contracts, indicating a robust market presence.
In terms of performance, HDFC Bank has outperformed its sector by 0.61%, reflecting its strong market position. The stock is currently above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is slightly below the 5-day moving average. Notably, investor participation has seen a decline, with delivery volume dropping by 35.91% compared to the 5-day average.

With a market capitalization of Rs 14,79,969.98 crore, HDFC Bank remains a liquid option for trades, accommodating sizes of Rs 30.75 crore based on 2% of the 5-day average traded value. The stock's one-day return is recorded at 1.28%, compared to the sector's 0.52% and the Sensex's 0.05%. Overall, HDFC Bank continues to demonstrate resilience in a competitive landscape.