Surge in HDFC Bank Ltd. Put Options: Over 12,000 Contracts Traded Today

HDFC Bank Ltd., a prominent player in the private sector banking industry, has seen significant activity in its put options today. The most notable trades include two put options with expiry on September 30, 2025. The put option with a strike price of Rs 940.0 recorded 6,318 contracts traded, generating a turnover of approximately Rs 808.26 lakhs, while the Rs 950.0 strike price option saw 6,425 contracts traded with a turnover of around Rs 1,091.22 lakhs. The open interest for these options stands at 2,067 and 3,280 contracts, respectively.
The underlying value of HDFC Bank shares is currently Rs 953.95. Performance metrics indicate that the stock has been gaining traction, with a 1.72% increase over the last two days. However, it has traded within a narrow range of Rs 7.7 today. The stock's moving averages show it is above the 5-day and 200-day averages but below the 20-day, 50-day, and 100-day averages. Despite a slight decline in delivery volume by 8.85% against the 5-day average, the liquidity remains robust, supporting a trade size of Rs 35.38 crores.

In summary, HDFC Bank's put options are experiencing notable trading activity, reflecting the dynamics of the current market environment without indicating future trends.