Surge in HDFC Bank's Active Put Options: 7,896 Contracts at Rs 1980 Strike Price

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 1981.0, has witnessed notable trading volumes in its put options, with the strike prices of Rs 1960, Rs 1980, and Rs 2000 attracting considerable interest.
The put option with a strike price of Rs 1980 led the activity, with 7,896 contracts traded and a turnover of approximately Rs 1,234.66 lakhs. Following closely, the Rs 2000 strike price saw 6,667 contracts traded, generating a turnover of around Rs 1,403.67 lakhs. The Rs 1960 strike price also demonstrated robust activity, with 6,385 contracts traded and a turnover of Rs 732.20 lakhs. Open interest for these options stands at 1,602 for the Rs 1960 strike, 4,891 for the Rs 2000 strike, and 1,763 for the Rs 1980 strike.

Despite the active options market, HDFC Bank's stock has underperformed its sector by 0.28% today, marking a consecutive decline over the past five days, resulting in a total drop of 2.5%. The stock is currently trading close to its 52-week high, just 3.17% away from Rs 2037.7. Moving averages indicate that while the stock is above the 100-day and 200-day averages, it remains below the shorter-term averages. Overall, HDFC Bank's liquidity remains robust, with a delivery volume of 87.79 lakhs, reflecting a 61.72% increase against the five-day average.