HDFC Bank Ltd. Sees Surge in Active Put Options, 10,610 Contracts at Rs 1960 Strike

HDFC Bank Ltd., a prominent player in the private sector banking industry, has seen significant activity in its put options today, particularly for contracts expiring on August 28, 2025. The stock, currently valued at Rs 1960.7, has witnessed notable trading volumes in its put options across various strike prices.
The put option with a strike price of Rs 1960 recorded the highest activity, with 10,610 contracts traded and a turnover of Rs 618.56 lakhs, alongside an open interest of 2,450 contracts. Following closely, the Rs 1980 strike price saw 6,711 contracts traded, generating a turnover of Rs 657.75 lakhs and an open interest of 2,608. Additionally, the Rs 1940 strike price had 6,262 contracts traded, with a turnover of Rs 186.33 lakhs and an open interest of 1,494.

Despite this activity, HDFC Bank's stock performance today underperformed its sector by 0.43%, with a one-day return of -1.53%. The stock remains close to its 52-week high, just 3.89% away from Rs 2037.7. While liquidity appears adequate for trading, with a delivery volume of 40.64 lakhs, it has decreased by 13.56% compared to the five-day average. The stock's moving averages indicate a mixed trend, being higher than the 100-day and 200-day averages but lower than the shorter-term averages.

In summary, HDFC Bank's put options are experiencing heightened trading activity, reflecting a complex market environment as the stock navigates current performance metrics and investor participation trends.