Surge in HDFC Bank Call Options: 40,861 Contracts at Rs 2020 Strike Ignite Market Activity

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 trading activity, with two notable call options expiring on July 31, 2025. The call option with a strike price of Rs 2040 recorded 32,988 contracts traded, generating a turnover of Rs 1,079.53 lakhs and an open interest of 10,076 contracts. Meanwhile, the option with a strike price of Rs 2020 saw even higher activity, with 40,861 contracts traded and a turnover of Rs 3,128.32 lakhs, alongside an open interest of 10,563 contracts.
Today, HDFC Bank reached a new 52-week and all-time high of Rs 2,037.7, although it has experienced a slight decline of 0.20% in its stock price, which is in line with the sector's performance. The stock has traded within a narrow range of Rs 16.6 and remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a noted decrease in investor participation, with delivery volume falling by 21.03% compared to the 5-day average. The liquidity remains robust, supporting a trade size of Rs 39.43 crore. Overall, HDFC Bank's performance today reflects a complex interplay of trading activity and market dynamics.