HDFC Bank Sees Surge in Put Option Activity with 17,174 Contracts Traded at Rs 1860

HDFC Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market, with a significant focus on put options. The bank's underlying stock, HDFCBANK, has seen notable activity with 17,174 contracts traded for puts expiring on April 24, 2025, at a strike price of Rs 1860. This activity has generated a turnover of approximately Rs 1,813.57 lakhs, while open interest stands at 5,347 contracts, indicating a robust engagement in this segment.
Today, HDFC Bank reached a new 52-week and all-time high of Rs 1886.9, reflecting a strong performance inline with its sector. The stock has been on an upward trajectory, gaining 6.73% over the past four days, although it has traded within a narrow range of Rs 10.2. HDFC Bank is currently positioned above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing a solid trend.

Despite a one-day return of 0.76%, investor participation has seen a decline, with delivery volume dropping by 49.16% compared to the 5-day average. Nevertheless, the stock remains liquid, with a trade size of Rs 52.56 crore based on 2% of the 5-day average traded value. Overall, HDFC Bank's performance today highlights its strong market position and ongoing activity in the options market.