Surge in HDFC Bank's Put Options: 2,718 Contracts at Rs 1980 Strike Price

HDFC Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market, with a focus on put options. The underlying stock, HDFCBANK, is currently valued at Rs 1990.2, just 2.24% shy of its 52-week high of Rs 2037.7. The put option expiring on August 28, 2025, has a strike price of Rs 1980, with 2,718 contracts traded, resulting in a turnover of approximately Rs 185.97 lakhs. Open interest stands at 3,347 contracts, indicating a significant level of activity and interest in this option.
Today's performance shows that HDFC Bank's stock has gained after two consecutive days of decline, aligning with sector trends. The stock has traded within a narrow range of Rs 14.3, and its current price is above the 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average. Notably, investor participation has decreased, with delivery volume falling by 26.76% compared to the 5-day average. Despite this, the stock maintains adequate liquidity for trades, with a size of Rs 31.21 crore based on 2% of the 5-day average traded value.

In summary, HDFC Bank's notable activity in the options market, particularly in put options, reflects a complex interplay of market dynamics, with the stock showing resilience amid fluctuating investor participation.