HDFC Bank Ltd. Sees 12,690 Active Call 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 12,690 call contracts traded, reflecting a turnover of approximately Rs 1,205.01 lakhs. The options, set to expire on June 26, 2025, have a strike price of Rs 2,000, while the underlying value currently stands at Rs 1,944.90.
Despite the notable trading volume, HDFC Bank's stock has underperformed its sector by 0.83% today, with a 1D return of -1.46%. The stock is currently close to its 52-week high, just 3.39% away from Rs 1,978.90. After two consecutive days of gains, the stock has experienced a trend reversal, indicating a shift in momentum.

In terms of moving averages, HDFC Bank's stock is trading higher than the 50-day, 100-day, and 200-day averages but lower than the 5-day and 20-day averages. Additionally, the stock has shown rising investor participation, with a delivery volume of 1.09 crore on May 30, marking an 82.79% increase compared to the 5-day average. With an open interest of 6,115 contracts, HDFC Bank remains a liquid option for traders, supported by a market capitalization of Rs 14,67,743.06 crore. Overall, today's trading activity highlights the dynamic nature of HDFC Bank's stock performance within the broader market context.