HDFC Bank's Put Options Surge: 2,490 Contracts at Rs 2000 Strike Price

HDFC Bank Ltd., a prominent player in the private sector banking industry, 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 2003.8, just 1.21% shy of its 52-week high of Rs 2027.1.
Today, a total of 2,490 put contracts were traded with a turnover of Rs 377.685 lakhs, indicating significant activity in this option type, which has a strike price of Rs 2000 and an expiry date set for July 31, 2025. The open interest stands at 3,609 contracts, reflecting ongoing interest among traders.

In terms of performance, HDFC Bank has outperformed its sector by 0.26% and has shown a consecutive gain over the last two days, with a total return of 0.78% during this period. The stock has maintained a narrow trading range of Rs 10.9 and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Investor participation has also seen a rise, with a delivery volume of 55.6 lakhs on July 8, up by 23.9% compared to the 5-day average. The liquidity remains robust, supporting a trade size of Rs 29.97 crore, which is 2% of the 5-day average traded value.

In summary, HDFC Bank's notable activity in the options market today highlights its strong market position and ongoing investor interest, reflecting the bank's solid performance metrics and liquidity.