Surge in HDFC Bank Calls: 65,532 Contracts at Rs 2000 Strike Show Robust Demand

HDFC Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying stock, HDFCBANK, is currently valued at Rs 2001.5, just 0.81% shy of its 52-week high of Rs 2027.1.
Today, notable activity was observed in call options with expiry set for July 31, 2025. The most significant volume was recorded for the strike price of Rs 2000, with 65,532 contracts traded and a turnover of Rs 6512.90 lakhs. Other active strike prices included Rs 1980, with 32,106 contracts and a turnover of Rs 5059.10 lakhs, and Rs 2020, where 31,919 contracts were traded, generating a turnover of Rs 1715.17 lakhs. The strike price of Rs 2040 also saw considerable activity, with 30,399 contracts traded and a turnover of Rs 785.81 lakhs.

HDFC Bank has outperformed its sector by 0.25% today, marking a consecutive gain over the last two days with a total return of 2.73%. The stock has maintained a narrow trading range of Rs 15 and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the bank's liquidity remains robust, with a delivery volume of 68.92 lakhs, reflecting a 23.29% increase compared to the 5-day average.

In summary, HDFC Bank's strong performance metrics and active options trading underscore its significant position in the market, highlighting the ongoing interest in this large-cap financial institution.