Infosys Ltd Sees Surge in Call Option Activity with 29,329 Contracts at Rs 1560 Strike

Infosys 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 underlying stock, INFY, is currently valued at Rs 1553.0. Notably, two call options with expiry dates set for July 31, 2025, have garnered significant attention.
The call option with a strike price of Rs 1540 saw 25,038 contracts traded, resulting in a turnover of approximately Rs 1,119.70 lakhs and an open interest of 3,962 contracts. Meanwhile, the Rs 1560 strike price option recorded 29,329 contracts traded, with a turnover of Rs 746.13 lakhs and an open interest of 5,587 contracts.

Despite this activity, Infosys has faced challenges, experiencing a consecutive decline over the past three days, with a total drop of 4.55%. The stock reached an intraday low of Rs 1482.5, reflecting a decrease of 2.19%. Currently, Infosys is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 53.33% compared to the 5-day average.

In summary, while Infosys Ltd is witnessing heightened activity in its options market, the stock's recent performance reflects ongoing challenges within the broader market context.