HDFC Bank's Active Put Options Surge: 1,601 Contracts at Rs 940 Strike Price

HDFC Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks in terms of put options today. The bank's underlying stock, HDFCBANK, is currently valued at Rs 942.75. Notably, two put options with expiry dates set for September 30, 2025, have garnered significant trading activity.
The put option with a strike price of Rs 950 saw 1,351 contracts traded, resulting in a turnover of Rs 266.01 lakhs and an open interest of 2,968 contracts. Meanwhile, the put option with a strike price of Rs 940 recorded 1,601 contracts traded, with a turnover of Rs 233.35 lakhs and an open interest of 1,649 contracts.

Today, HDFC Bank's performance aligns closely with sector trends, despite experiencing a consecutive decline over the past eight days, resulting in a total drop of 5.36%. The stock has been trading within a narrow range of Rs 6.8 and is currently above its 200-day moving average, although it remains below the 5-day, 20-day, 50-day, and 100-day moving averages.

Investor participation has shown signs of decline, with delivery volume dropping by 26.24% compared to the 5-day average. Despite these challenges, the stock maintains sufficient liquidity for trades, with a market cap of Rs 14,50,039.00 crore. Overall, HDFC Bank's recent activity in the options market reflects ongoing dynamics within the banking sector.