Coforge Ltd Sees Surge in Call Option Activity: 23,399 Contracts Traded at Rs 1800 Strike

Coforge Ltd, a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s call options, set to expire on July 31, 2025, with a strike price of Rs 1800, saw significant trading activity, with 23,399 contracts exchanged, resulting in a turnover of approximately Rs 1,380.25 lakhs. The open interest stands at 3,356 contracts, indicating ongoing interest in these options.
Despite this activity, Coforge's stock has faced challenges, underperforming its sector by 6.59% today. The stock has been on a downward trend, experiencing a consecutive fall over the last three days, with a total decline of 9.03%. Today, it reached an intraday low of Rs 1683.7, reflecting an 8.97% drop from its previous close. The stock's volatility was notable, with an intraday volatility of 5.82%, suggesting fluctuations in trading behavior.

In terms of moving averages, Coforge's stock is currently above the 100-day and 200-day averages but below the 5-day, 20-day, and 50-day averages. Additionally, there has been a rise in investor participation, with delivery volume increasing by 59.62% compared to the 5-day average. Overall, while the stock has faced recent challenges, the heightened activity in its options market indicates a significant level of engagement from traders.