Surge in Active Put Options for Info Edge as 5,792 Contracts Hit Rs 1,400 Strike

Info Edge (India) Ltd, a prominent player in the E-Retail and E-Commerce sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying asset, NAUKRI, has seen significant activity in put options, with 5,792 contracts traded at a strike price of Rs 1,400, resulting in a turnover of approximately Rs 863.57 lakhs. The open interest stands at 1,715 contracts, indicating ongoing interest in this option.
Today, Info Edge's stock has underperformed its sector by 3.05%, with an intraday low of Rs 1,404.1, reflecting a decline of 5.54%. The weighted average price suggests that more volume was traded closer to this low price, highlighting a bearish sentiment among traders. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a consistent downward trend.

Investor participation has also seen a decline, with delivery volume dropping by 62.25% compared to the 5-day average. Despite these challenges, the stock remains liquid enough for trades of Rs 3.55 crore, based on 2% of the 5-day average traded value.

In summary, Info Edge (India) Ltd is experiencing notable activity in its put options, reflecting current market dynamics and investor behavior, while the stock itself is facing downward pressure in a challenging trading environment.