Infosys Ltd Sees Surge in Active Call Options with 4,739 Contracts at Rs 1600 Strike

Infosys Ltd, a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks today. The company’s underlying stock, INFY, is currently valued at Rs 1574.9. Notably, the stock has shown resilience, outperforming its sector by 0.48% despite a challenging market environment.
Today, a significant number of call options were traded, with 4,739 contracts exchanged for a strike price of Rs 1600, resulting in a turnover of Rs 570.77 lakhs. The open interest stands at 10,171 contracts, indicating robust trading activity. This uptick in options trading coincides with a trend reversal for Infosys, which has gained after four consecutive days of decline.

Despite this positive movement, Infosys is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a cautious outlook. However, the stock has seen a notable increase in delivery volume, rising by 104.88% against the 5-day average, with a delivery volume of 79.78 lakhs recorded on July 14.

In summary, Infosys Ltd's current trading activity reflects a complex interplay of market dynamics, with increased investor participation and a notable shift in trading patterns, while still navigating below key moving averages.