Surge in HDFC Bank's Call Options: 2,828 Contracts at Rs 2000 Strike Price

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 1940.1, just 2.32% shy of its 52-week high of Rs 1978.9.
Today, the bank's call options have seen significant trading activity, with 2,828 contracts traded at a strike price of Rs 2000, resulting in a turnover of approximately Rs 249.86 lakhs. Additionally, 3,134 contracts were traded at a strike price of Rs 1940, contributing to a turnover of around Rs 738.69 lakhs. The open interest for these options stands at 8,601 and 4,191 contracts, respectively, indicating a robust interest in these strike prices.

In terms of performance, HDFC Bank has outperformed its sector by 0.36%, while the stock has maintained a position above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, it is noteworthy that delivery volume has decreased by 34.81% compared to the 5-day average, with a delivery volume of 48.58 lakhs recorded on June 2. Overall, HDFC Bank continues to demonstrate strong liquidity, with a trade size of Rs 46.66 crore based on 2% of the 5-day average traded value.