Coforge Ltd Sees Surge in Active Put Options with 9,536 Contracts at 7500 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, has seen significant trading activity with multiple put options set to expire on May 29, 2025.
Among the notable trades, the put option with a strike price of 7500 led the activity with 9,536 contracts traded, generating a turnover of approximately Rs 1,459.03 lakhs and an open interest of 2,188. Other active strike prices included 7600, 7700, 7800, and 7000, with respective contracts traded of 5,722, 7,252, 6,492, and 6,605, indicating a robust interest in these options.

Coforge's stock performance today has outpaced its sector by 1.04%, marking a consecutive gain over the last three days with a total return of 3.51%. The stock opened with a notable gap up of 4.72%, reaching an intraday high of Rs 7999, reflecting a 6.7% increase. Despite this positive momentum, investor participation has shown signs of decline, with delivery volume dropping by 13.01% compared to the five-day average.

Overall, Coforge's strong performance metrics and active options trading underscore its current market position, while liquidity remains sufficient for trades around Rs 1.68 crore.