HDFC Bank Ltd. Sees Surge in Active Put Options with 4,498 Contracts Traded

HDFC Bank Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, HDFCBANK, is currently valued at Rs 968.65, with a notable expiry date for the options set for September 30, 2025. The put options have a strike price of Rs 970, and today, 4,498 contracts were traded, resulting in a turnover of approximately Rs 417.10 lakhs. Open interest stands at 4,274 contracts, indicating a robust interest in this option type.
In terms of price performance, HDFC Bank's stock has shown resilience, gaining after three consecutive days of decline. The stock has traded within a narrow range of Rs 9.25 today, reflecting a stable trading environment. It is currently positioned above its 5-day and 200-day moving averages, although it remains below the 20-day, 50-day, and 100-day moving averages.

Investor participation has seen a rise, with a delivery volume of 1.37 crore shares on September 16, marking a 33.62% increase compared to the 5-day average. The liquidity remains favorable, with the stock being liquid enough for a trade size of Rs 32.33 crore, based on 2% of the 5-day average traded value.

In summary, HDFC Bank's activity in the options market, coupled with its recent performance metrics, highlights its current standing in the financial landscape without venturing into future predictions or recommendations.