HDFC Bank's Put Options Surge: 19,226 Contracts at Rs 2000 Strike Highlight Market Activity

HDFC Bank Ltd. 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. The put options with expiry on July 31, 2025, have seen significant trading activity, with 19,226 contracts traded at a strike price of Rs 2000, resulting in a turnover of approximately Rs 1182.21 lakhs. Additionally, another put option with a strike price of Rs 1980 recorded 13,715 contracts traded and a turnover of Rs 436.75 lakhs.
The open interest for the Rs 2000 strike put stands at 4,062 contracts, while the Rs 1980 strike has an open interest of 2,756 contracts. HDFC Bank's stock has shown resilience, gaining 0.34% today, outperforming its sector by 0.82%. The stock is currently just 1.13% away from its 52-week high of Rs 2037.7 and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume dropping by 54.13% compared to the 5-day average.

In summary, HDFC Bank's put options are witnessing heightened activity, reflecting the dynamics of the current market environment while the stock maintains a strong position within its sector.