HDFC Bank Ltd. Sees Surge in Active Put Options with 4,814 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 2003.6, just 1.8% shy of its 52-week high of Rs 2037.7. The bank's put options, set to expire on August 28, 2025, have seen significant trading activity, with 4,814 contracts exchanged, resulting in a turnover of Rs 704.82 lakhs. Open interest stands at 6,102 contracts, indicating a robust interest in these options.
Despite this activity, HDFC Bank has underperformed its sector by 0.3% today, marking a consecutive decline over the past three days, with a total return of -1.19% during this period. The stock's performance is currently above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average. Additionally, the delivery volume has decreased by 12.5% compared to the 5-day average, reflecting a decline in investor participation.

Overall, while HDFC Bank continues to attract attention in the options market, its recent performance metrics suggest a cautious environment for investors.