HDFC Bank Ltd. Sees Surge in Active Put Options with 7,358 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 1981.1, just 2.24% away from its 52-week high of Rs 2027.1. The bank's put options, set to expire on July 31, 2025, have seen significant activity, with 7,358 contracts traded, resulting in a turnover of approximately Rs 788.34 lakhs. Open interest stands at 2,775 contracts, indicating ongoing interest in these options.
Today's performance aligns with the sector, showing a modest one-day return of 0.05%, while the sector itself reported a return of 0.23%. The stock has recently experienced a trend reversal, gaining after three consecutive days of decline. It has traded within a narrow range of Rs 14.2, and its current price is above the 20-day, 50-day, 100-day, and 200-day moving averages, although it is lower than the 5-day moving average.

Investor participation appears to be rising, with a delivery volume of 49.95 lakhs on July 14, reflecting a 2.19% increase compared to the five-day average. The liquidity of HDFC Bank remains robust, supporting a trade size of Rs 30.7 crore based on 2% of the five-day average traded value. Overall, HDFC Bank's activity in the options market highlights its significant presence in the private sector banking industry.