HDFC Bank Sees Surge in Call Option Activity with 13,540 Contracts Traded

HDFC Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying stock, HDFCBANK, saw significant activity with 13,540 call contracts traded, reflecting a turnover of approximately Rs 555.1 lakhs. The options have an expiry date set for May 29, 2025, with a strike price of Rs 1,940. The open interest stands at 5,831 contracts, indicating ongoing interest in this option.
Currently, HDFC Bank's stock is valued at Rs 1,924.4, just 3.02% shy of its 52-week high of Rs 1,978.9. However, it has underperformed its sector by 0.28% today, marking a consecutive decline over the past two days with a total return of -0.99%. The stock has traded within a narrow range of Rs 16.8, and while it remains above the 50-day, 100-day, and 200-day moving averages, it is below the 5-day and 20-day moving averages.

Investor participation has seen a notable increase, with delivery volume reaching 78.16 lakhs on May 27, up 44.35% compared to the five-day average. The liquidity of HDFC Bank's stock remains robust, accommodating trade sizes of Rs 33.6 crore based on 2% of the five-day average traded value. Overall, HDFC Bank continues to be a focal point in the market, reflecting both activity and investor engagement.