HDFC Bank Ltd. Sees Surge in Call Options with 27,128 Contracts at Rs 2020 Strike

HDFC Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying stock, HDFCBANK, has seen significant activity in call options with two notable strike prices.
For the expiry date of July 31, 2025, the call option with a strike price of Rs 2040 recorded 20,651 contracts traded, generating a turnover of Rs 277.14 lakhs and an open interest of 9,712 contracts. Meanwhile, the call option with a strike price of Rs 2020 saw even higher engagement, with 27,128 contracts traded and a turnover of Rs 1,186.17 lakhs, alongside an open interest of 10,404 contracts. The underlying value of HDFCBANK stands at Rs 2009.9.

In terms of price performance, HDFC Bank is currently just 1.69% away from its 52-week high of Rs 2037.7. The stock has been gaining slightly, with a return of -0.23% over the last day, aligning closely with sector performance. Notably, the stock's moving averages indicate it is performing above the 20-day, 50-day, 100-day, and 200-day averages, although it is below the 5-day moving average.

Despite a recent decline in delivery volume, which fell by 17.46% against the 5-day average, the stock remains liquid enough for trades of Rs 30.05 crore, reflecting its robust market position. Overall, HDFC Bank's activity today underscores its significant role in the financial landscape.