HDFC Bank's Put Options Surge: 31,745 Contracts at Rs 1940 Strike Price

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 1963.1, just 2.3% shy of its 52-week high of Rs 1996.3. The put options expiring on June 26, 2025, with a strike price of Rs 1940, have seen significant activity, with 31,745 contracts traded and a turnover of approximately Rs 1356.62 lakhs. Open interest stands at 7,171 contracts, indicating a robust interest in this option.
Today's performance for HDFC Bank aligns closely with the sector, despite a slight decline of 0.69% in its one-day return, compared to a 0.79% drop in the sector and a 0.97% decrease in the Sensex. The stock has experienced a trend reversal, falling after three consecutive days of gains, and has traded within a narrow range of Rs 9.5. Notably, HDFC Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong technical position.

Investor participation has risen, with a delivery volume of 1.34 crore shares on June 20, marking an increase of 124.41% against the 5-day average. The liquidity remains favorable, supporting a trade size of Rs 41.17 crore based on 2% of the 5-day average traded value. Overall, HDFC Bank continues to demonstrate significant activity in the options market, underscoring its position within the private sector banking industry.