Surge in HDFC Bank Ltd. Put Options: 3,169 Contracts at Rs 1980 Strike Traded

HDFC Bank Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The bank's underlying stock, HDFCBANK, is currently valued at Rs 1979.0, just 2.36% away from its 52-week high of Rs 2027.1.
Two notable put options are drawing attention, both set to expire on July 31, 2025. The put option with a strike price of Rs 1960 saw 3,085 contracts traded, generating a turnover of Rs 354.28 lakhs, while the Rs 1980 strike price option recorded 3,169 contracts traded with a turnover of Rs 512.60 lakhs. Open interest for these options stands at 3,324 and 3,100 contracts, respectively, indicating significant market activity.

Despite the heightened trading activity, HDFC Bank's stock has experienced a slight decline of 0.30% today, continuing a trend of losses over the past two days, during which it has fallen by 0.8%. The stock remains above its 50-day, 100-day, and 200-day moving averages, although it is below its 5-day and 20-day moving averages.

Investor participation appears to be rising, with a delivery volume of 73.26 lakhs on July 17, up 48.3% compared to the 5-day average. The liquidity remains robust, supporting a trade size of Rs 34.55 crore. Overall, HDFC Bank's current market dynamics reflect a complex interplay of trading activity and stock performance.