Surge in HDFC Bank Call Options: 7,310 Contracts at Rs 2020 Strike Ignite Interest

HDFC Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The bank's underlying stock, HDFCBANK, is currently valued at Rs 2007.9, just 1.12% shy of its 52-week high of Rs 2027.1.
Today, the bank's call options with an expiry date of July 31, 2025, have seen substantial trading volumes. The strike price of Rs 2000 recorded 6,860 contracts traded, generating a turnover of Rs 1,235.28 lakhs, while the Rs 2020 strike price saw 7,310 contracts traded with a turnover of Rs 904.61 lakhs. The Rs 2040 strike price also attracted attention with 6,263 contracts traded and a turnover of Rs 518.08 lakhs. Open interest figures indicate robust interest, with 9,788 contracts for the Rs 2020 strike, 6,835 for Rs 2040, and 5,859 for Rs 2000.

In terms of performance, HDFC Bank has outperformed its sector by 0.44% today, marking a consecutive gain over the last two days with a total return of 1.09%. The stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a noted decline in investor participation, with delivery volume dropping by 16.96% compared to the 5-day average.

Overall, HDFC Bank's current trading activity and performance metrics highlight its strong market position within the banking sector.