Coforge Ltd Sees Surge in Active Put Options with 14,215 Contracts at Rs 7,500 Strike

Coforge Ltd, a prominent player in the IT software industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, COFORGE, is currently valued at Rs 7,400. Notably, two significant put options are drawing attention, both set to expire on May 29, 2025. The put option with a strike price of Rs 7,000 saw 9,551 contracts traded, generating a turnover of approximately Rs 652.36 lakhs, while the Rs 7,500 strike price option recorded 14,215 contracts traded, with a turnover of around Rs 2,524.37 lakhs.
Coforge has outperformed its sector by 1.41% today, despite a flat return of 0% over the last trading period. The stock's performance is characterized by moving averages that are higher than the 5-day, 20-day, and 50-day averages but lower than the 100-day and 200-day averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 294.3% compared to the 5-day average. The stock remains liquid, accommodating trades of up to Rs 1.96 crore based on recent trading activity.

In summary, Coforge Ltd's active put options reflect a dynamic trading environment, underscoring the stock's current market engagement without delving into future implications.