Coforge Ltd's Call Options Surge: 7,011 Contracts at Rs 7,800 Strike Price

Coforge Ltd, a prominent player in the IT software industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The stock, currently valued at Rs 7,750, has seen a notable performance, outperforming its sector by 3.29%. Over the past three days, Coforge has recorded a cumulative gain of 5.89%, indicating a positive trend.
Today, the stock opened with a gap up of 4.72%, reaching an intraday high of Rs 7,999, which represents a 6.7% increase. The trading volume has been robust, particularly in call options with expiry set for May 29, 2025. The most actively traded call option was at a strike price of Rs 7,800, with 7,011 contracts exchanged and a turnover of Rs 1,731.49 lakhs. Other notable strike prices include Rs 8,200 and Rs 8,500, with 4,592 and 7,117 contracts traded, respectively.

Despite the strong performance, there has been a decline in investor participation, with delivery volume dropping by 13.01% compared to the five-day average. The stock remains liquid, suitable for trades around Rs 1.68 crore, and is currently positioned above its 5-day, 20-day, 50-day, and 200-day moving averages, although it is below the 100-day moving average. Overall, Coforge's activity today highlights its dynamic presence in the market, driven by substantial trading in its options.