Surge in HDFC Bank's Active Put Options: 13,142 Contracts at 1900 Strike Price

HDFC Bank Ltd., a prominent player in the private banking sector, has seen significant activity in its put options today, particularly for contracts expiring on May 29, 2025. The most notable trades include 13,142 contracts for the 1900 strike price, generating a turnover of approximately Rs 850.02 lakhs, alongside an open interest of 4,791 contracts. Additionally, the 1940 strike price saw 11,688 contracts traded, with a turnover of Rs 1,409.75 lakhs and an open interest of 3,534. The 1960 strike price also attracted attention, with 10,091 contracts traded and a turnover of Rs 1,578.99 lakhs, reflecting an open interest of 3,660.
Currently, HDFC Bank's underlying value stands at Rs 1,956.4, just 2% shy of its 52-week high of Rs 1,978.9. Despite trading above its moving averages across various time frames, the stock has underperformed its sector by 0.34% today, with a one-day return of -1.04%. Investor participation appears to be declining, as evidenced by a 11.98% drop in delivery volume compared to the five-day average. Overall, HDFC Bank remains a liquid stock, suitable for trades around Rs 0.82 crore based on recent trading activity. The current dynamics highlight the ongoing interest in HDFC Bank's options market, reflecting broader market trends.