HDFC Bank Ltd. Sees Surge in Call Options with 19,787 Contracts at Rs 1860 Strike

HDFC Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market. The bank, a significant player in the private banking sector, has seen substantial trading activity in call options set to expire on April 24, 2025. Notably, the strike prices for these options range from Rs 1820 to Rs 1900, with the highest volume recorded at Rs 1860, where 19,787 contracts were traded, resulting in a turnover of approximately Rs 2302.01 lakhs.
The underlying value of HDFC Bank is currently at Rs 1827.2, just 2.91% shy of its 52-week high of Rs 1880. The stock has outperformed its sector by 1.24% today, with an intraday high of Rs 1841.95, reflecting a gain of 2.62%. HDFC Bank is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Despite a notable drop in delivery volume, which has decreased by 59.66% compared to the 5-day average, the stock remains liquid enough for trades of Rs 45.05 crore, supported by an open interest of 6,426 contracts at the Rs 1900 strike price. Overall, HDFC Bank's robust performance metrics and significant trading activity highlight its current market position.