HDFC Bank's Put Options Surge with 3,421 Contracts at Rs 1,000 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 1013.0, just 0.51% shy of its 52-week high of Rs 1020. The bank has shown consistent performance, gaining 3.86% over the past six days, aligning with sector trends.
Today, a total of 3,421 put contracts were traded with a turnover of Rs 127.95 lakhs, indicating significant activity in this option type, which has a strike price of Rs 1000 and an expiry date set for October 28, 2025. The open interest stands at 2,336 contracts, reflecting ongoing interest in this option.

Despite the stock's positive trajectory, there has been a notable decline in investor participation, with delivery volume dropping by 83.04% compared to the five-day average. However, HDFC Bank remains liquid, with a trading capacity of Rs 39.95 crore based on 2% of the five-day average traded value.

In summary, HDFC Bank's recent performance and active options trading highlight its strong market position within the private sector banking industry, while also indicating shifts in investor engagement.