HDFC Bank Ltd. Sees Surge in Active Put Options with 5,475 Contracts 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 underlying stock, HDFCBANK, is currently valued at Rs 1992.3, just 2.16% shy of its 52-week high of Rs 2037.7. The bank's stock has shown resilience, outperforming its sector by 0.31% and achieving a 1.25% gain over the last two days.
Today, a total of 5,475 put contracts were traded, generating a turnover of approximately Rs 547.14 lakhs. The open interest stands at 2,914 contracts, indicating a significant level of activity in this option type, which has a strike price of Rs 1980 and an expiry date set for August 28, 2025.

In terms of performance metrics, HDFC Bank's stock has been trading above its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average. However, there has been a noted decline in investor participation, with delivery volume decreasing by 2.59% compared to the 5-day average.

Overall, HDFC Bank's strong market position and recent performance trends highlight its significance in the current trading landscape, particularly within the options market.