HDFC Bank's Put Options Surge: 5,177 Contracts Traded at Rs 1943.0

HDFC Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market, with a significant focus on put options. The underlying stock, HDFCBANK, is currently valued at Rs 1943.0, just 1.91% away from its 52-week high of Rs 1978.9. The put options expiring on May 29, 2025, have seen robust trading activity, with 5,177 contracts traded, resulting in a turnover of Rs 431.21 lakhs. Open interest stands at 2,700 contracts, indicating a notable level of market engagement.
In terms of performance, HDFC Bank has outperformed its sector by 0.49%, reflecting strong investor interest. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. Additionally, the delivery volume of 83.46 lakhs on May 20 has increased by 27.91% compared to the 5-day average, highlighting rising investor participation.

With a market capitalization of Rs 14,87,117.95 crore, HDFC Bank continues to demonstrate liquidity, suitable for trades around Rs 19.64 crore based on 2% of the 5-day average traded value. Overall, the activity surrounding HDFC Bank's put options reflects a dynamic trading environment, underscoring the bank's strong market position.