HDFC Bank Sees Surge in Active Put Options with 2,997 Contracts at Rs 2000 Strike

HDFC Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The bank's underlying stock, HDFCBANK, is currently valued at Rs 2005.6, just 1.03% shy of its 52-week high of Rs 2027.1.
Today, a total of 2,997 put contracts were traded with a turnover of Rs 570.20 lakhs, indicating significant activity among investors. The strike price for these puts is set at Rs 2000, with an open interest of 3,067 contracts, reflecting ongoing interest in this option.

In terms of performance, HDFC Bank has outperformed its sector by 0.66%, with a one-day return of 0.76%, compared to the sector and Sensex, both at 0.37%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 28.96% against the 5-day average.

Overall, HDFC Bank's current market position and trading activity in the options market highlight its robust performance amidst fluctuating investor engagement.