HDFC Bank's Call Options Surge with 8,408 Contracts Traded at Rs. 1,980 Strike Price

HDFC Bank Ltd., a prominent player in the private banking sector, has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying stock, HDFCBANK, saw significant activity with 8,408 call contracts traded, resulting in a turnover of approximately Rs. 233.07 lakhs. The options have an expiry date set for April 24, 2025, with a strike price of Rs. 1,980. Open interest stands at 6,100 contracts, indicating a robust interest in this option.
Today, HDFC Bank reached a new 52-week and all-time high of Rs. 1,978.90, although it experienced a slight decline of 0.39% in its stock price, contrasting with a sector return of -0.13%. This marks a trend reversal after six consecutive days of gains. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong performance trend.

Investor participation has also increased, with a delivery volume of 1.7 crore shares on April 22, up by 41.81% compared to the 5-day average. The liquidity remains favorable, with the stock's trading value comfortably supporting a trade size of Rs. 65.62 crore. Overall, HDFC Bank's activity today highlights its significant position in the market amidst fluctuating performance metrics.