HDFC Bank (HDB) Options Chain

NYSE: HDBFinanceCommercial BanksUSD

22.28+0.27 (+1.23%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Apr 16, 2027
Days to expiration: 187
Share price: $22.28
Put/call ratio (OI): 0.46
Put/call ratio (volume): 3.74
ATM implied volatility: 40.7%
Expected move: ±$6.49
Open interest (C / P): 1.52K / 706

HDB options summary

The HDB options chain for the April 16, 2027 expiration lists 9 call and 5 put contracts, with 187 days until expiration. Open interest stands at 1,520 calls and 706 puts, a put/call ratio of 0.46, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $22.50 strike is 40.7%, which implies the market expects a move of about ±$6.49 (29.1%) in HDFC Bank stock by expiration.

The most open interest sits at the $20.00 call (697 contracts) and the $17.50 put (609 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

HDB options chain · April 16, 2027

HDB calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
1	—	52.5%	10.73	8.40	11.50	12.50	—	—	—	—	—	—
10	10	59.0%	7.90	6.90	9.10	15.00	—	—	—	—	—	—
9	1	56.0%	5.30	4.70	6.10	17.50	0.00	1.20	0.25	53.3%	455	609
697	1	41.4%	3.60	3.50	3.80	20.00	0.60	1.20	0.75	35.7%	1	27
HDB $22.28
452	24	45.6%	1.90	1.75	2.80	22.50	1.25	2.40	2.00	35.8%	2	62
251	10	43.2%	1.10	0.90	1.75	25.00	2.60	4.00	3.20	35.6%	2	5
86	55	69.3%	0.55	0.00	2.70	27.50	4.00	6.80	5.63	51.1%	—	3
13	22	37.0%	0.33	0.20	0.45	30.00	—	—	—	—	—	—
1	—	60.1%	0.45	0.00	2.40	32.50	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the HDB put/call ratio?

For the April 16, 2027 expiration, the HDB put/call ratio based on open interest is 0.46 (706 puts vs 1,520 calls), and 3.74 based on today's volume. A ratio above 1 means more puts than calls.

What is HDB's implied volatility?

At-the-money implied volatility for HDB options expiring April 16, 2027 is about 40.7%, an annualized estimate of how much the market expects HDFC Bank stock to move.

How many HDB option expiration dates are there?

HDB has 4 listed expiration dates, from Oct 16, 2026 to Apr 16, 2027.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.