HDFC Bank Sees Heavy Put Option Activity Amid Narrow Trading Range

Put Option Activity Highlights

On the expiry date of 25 November 2025, HDFC Bank’s put options at the ₹1000 strike price recorded the highest volume of contracts traded, with 5,810 contracts changing hands. This activity generated a turnover of approximately ₹110.56 lakhs, reflecting substantial investor interest in downside protection or speculative bearish bets. The open interest at this strike stands at 2,578 contracts, indicating a sizeable outstanding position that could influence price dynamics as expiry approaches.

Stock Price and Market Context

HDFC Bank’s underlying stock price was ₹1008.8 at the time of this options activity, positioning it just 1.24% below its 52-week high of ₹1020.5. The stock has outperformed its…

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