HDFC Bank's Put Options Surge: 8,693 Contracts at Rs 2000 Strike Highlight Market Interest

HDFC Bank Ltd., a prominent player in the private sector banking industry, has seen significant activity in its put options today, particularly for contracts expiring on July 31, 2025. The stock, currently valued at Rs 1985.9, has three notable strike prices attracting attention: Rs 1960, Rs 1980, and Rs 2000.
The put option with a strike price of Rs 2000 led the trading volume with 8,693 contracts traded, resulting in a turnover of approximately Rs 1,646.63 lakhs. Following closely, the Rs 1980 strike price saw 5,624 contracts traded, generating a turnover of around Rs 807.02 lakhs. The Rs 1960 strike price also demonstrated activity with 4,880 contracts traded and a turnover of Rs 519.09 lakhs.

Open interest figures indicate a healthy market engagement, with 3,012 contracts for the Rs 2000 strike, 2,480 for Rs 1980, and 2,507 for Rs 1960. Despite a slight one-day return of -0.01%, HDFC Bank has outperformed its sector by 0.5% and remains just 1.66% away from its 52-week high of Rs 2027.1. The stock has traded within a narrow range of Rs 16.4 today, reflecting a stable performance amidst falling investor participation, as delivery volume has decreased by 54.05% compared to the five-day average.

In summary, HDFC Bank's put options are actively traded, showcasing significant turnover and open interest, while the stock maintains a solid market position within the private banking sector.