HDFC Bank's Put Options Surge with 3,144 Contracts at Rs 2,000 Strike Price

HDFC Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today, particularly in the options market. The bank's put options, set to expire on July 31, 2025, have seen significant trading activity, with 3,144 contracts traded at a strike price of Rs 2,000. This activity has generated a turnover of approximately Rs 259.90 lakhs, while open interest stands at 4,808 contracts, indicating a robust interest in these options.
Currently, HDFC Bank's underlying value is Rs 2,009.70, positioning it just 1.05% away from its 52-week high of Rs 2,027.10. The stock has shown consistent performance, gaining slightly by 0.00% today, aligning closely with sector trends. It has been trading within a narrow range of Rs 9.90, and remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a stable upward trajectory.

Despite a slight decline in delivery volume, which fell by 0.21% against the 5-day average, HDFC Bank maintains sufficient liquidity for trading, with a market cap of Rs 15,39,026.95 crore. Overall, the activity surrounding HDFC Bank's put options underscores the stock's current market dynamics without venturing into speculative territory.