HDFC Bank Sees Surge in Put Option Activity with 9,803 Contracts Traded

HDFC Bank Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, HDFCBANK, is currently valued at Rs 1945.0, just 2.52% shy of its 52-week high of Rs 1978.9. The bank's put options, set to expire on May 29, 2025, have seen significant activity, with 9,803 contracts traded and a turnover of Rs 1,790.393 lakhs. Open interest stands at 3,175 contracts, indicating a robust interest in these options.
Despite this activity, HDFC Bank's performance today has underperformed its sector by 0.79%, with a one-day return of -0.95%. However, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend in the longer term. Notably, investor participation has risen, with a delivery volume of 78.96 lakhs on May 7, reflecting a 3.93% increase compared to the 5-day average.

In terms of liquidity, the stock remains accessible for trades, with a liquidity level sufficient for a trade size of Rs 9.58 crore. Overall, HDFC Bank continues to be a focal point in the market, driven by notable options activity and solid underlying performance metrics.