HDFC Bank's Put Options Surge: 14,771 Contracts at Rs 2000 Strike Traded Today

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 put options. The bank's underlying stock, HDFCBANK, is currently valued at Rs 1996. Notably, the put options with expiry on July 31, 2025, have seen significant trading activity across various strike prices.
The put option with a strike price of Rs 2000 led the activity, with 14,771 contracts traded and a turnover of approximately Rs 2390.10 lakhs. Following closely, the Rs 1980 strike price option recorded 8,578 contracts traded, generating a turnover of Rs 1002.55 lakhs. The Rs 1960 strike price option also saw considerable interest, with 7,117 contracts traded and a turnover of Rs 589.11 lakhs. Open interest for these options stands at 3,777 for the Rs 2000 strike, 2,856 for the Rs 1980 strike, and 2,850 for the Rs 1960 strike.

In terms of performance, HDFC Bank has been gaining traction, with a 0.71% increase over the last three days. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock is just 1.51% away from its 52-week high of Rs 2027.1, reflecting robust market positioning.

Overall, HDFC Bank's active put options trading highlights the bank's significant presence in the market, alongside its solid performance metrics and liquidity, making it a focal point for investors today.