HDFC Bank's Rs 1000 Puts See 6,492 Contracts Traded Amid Declining Participation

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 1004.7, just 1.43% shy of its 52-week high of Rs 1020.5. The bank's performance today has outpaced its sector by 0.51%, reflecting its strong market position within the private sector banking industry.
In the options market, a total of 6,492 put contracts were traded, generating a turnover of Rs 186.39 lakhs. The open interest stands at 1,585 contracts, indicating a significant level of activity. The strike price for these puts is set at Rs 1000, with an expiry date of October 28, 2025.

HDFC Bank is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing a robust upward trend. However, it is noteworthy that investor participation has seen a decline, with delivery volume dropping by 29.69% compared to the 5-day average. Despite this, the stock remains liquid, with a trading capacity of Rs 46.49 crores based on 2% of the 5-day average traded value.

In summary, HDFC Bank's notable activity in the put options market, combined with its strong performance metrics, underscores its significant role in the financial landscape, while the decline in investor participation may warrant further observation.