HDFC Bank's Call Options Surge: 4,569 Contracts at Rs 2,000 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, saw significant activity with 4,569 call contracts traded, reflecting a turnover of approximately Rs 232.45 lakhs. The options, set to expire on August 28, 2025, have a strike price of Rs 2,000, while the underlying value currently stands at Rs 1,975.
Despite this activity, HDFC Bank's performance today has shown a slight underperformance compared to its sector, with a 1D return of -0.87%, while the sector itself returned -0.64%. The stock is currently 3.27% away from its 52-week high of Rs 2,037.7. In terms of moving averages, HDFC Bank is above the 100-day and 200-day averages but below the 5-day, 20-day, and 50-day averages, indicating mixed short-term momentum.

Additionally, the open interest for the options stands at 8,353 contracts, suggesting a robust interest in this strike price. However, the delivery volume has seen a decline of 13.56% compared to the 5-day average, indicating a potential decrease in investor participation. Overall, HDFC Bank continues to be a focal point in the market, reflecting both activity and underlying trends in the banking sector.