Surge in HDFC Bank Put Options: 6,954 Contracts at Rs 2000 Strike Highlight Market Activity

HDFC Bank Ltd. 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 2025.1, just 1.24% shy of its 52-week high of Rs 2037.7.
Notably, the put option with a strike price of Rs 2000, expiring on August 28, 2025, saw significant activity with 6,954 contracts traded, resulting in a turnover of Rs 922.14 lakhs and an open interest of 4,946 contracts. Another put option with a strike price of Rs 2020, expiring on July 31, 2025, recorded 8,586 contracts traded and a turnover of Rs 189.84 lakhs, with an open interest of 2,415. Additionally, a put option at the same expiry date with a strike price of Rs 2000 had 9,678 contracts traded and a turnover of Rs 61.21 lakhs, with an open interest of 1,536.

Despite the notable trading activity, HDFC Bank's stock has experienced a slight decline of 0.64% over the past two days, with a one-day return of -0.17%. The stock has been trading within a narrow range of Rs 11.4 and remains liquid enough for a trade size of Rs 33.28 crore. Overall, HDFC Bank continues to maintain a strong market position within the private sector banking industry, with a market capitalization of Rs 15,48,975 crore.