HDFC Bank Ltd. Sees 10,821 Active Put Options 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 put options, set to expire on July 31, 2025, have seen significant trading activity, with 10,821 contracts exchanged at a turnover of approximately Rs 20.19 crore. The strike price for these puts is set at Rs 2,000, while the underlying value of HDFC Bank stands at Rs 2,011.50.
Despite the notable activity in the options market, HDFC Bank's stock has faced some challenges recently, experiencing a decline of 0.93% over the past two days. The stock is currently trading just 1.2% away from its 52-week high of Rs 2,027.10, indicating a narrow trading range of Rs 11.20. On the technical front, HDFC Bank is performing well, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Investor participation appears to be on the rise, with a delivery volume of 1.19 crore shares on June 27, reflecting a 25.05% increase compared to the 5-day average. The liquidity of the stock remains robust, supporting a trade size of Rs 54.92 crore based on 2% of the 5-day average traded value. Overall, HDFC Bank continues to be a focal point in the market, showcasing both activity and resilience amidst recent fluctuations.