Infosys Ltd Sees 2,056 Active Put Contracts at Rs 1500 Strike Price

Infosys Ltd, a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, INFY, has seen significant activity with 2,056 contracts traded for puts with a strike price of Rs 1,500, reflecting a turnover of Rs 334.55 lakhs. The open interest stands at 5,408 contracts, indicating a robust interest in this option.
Today, Infosys has underperformed its sector by 0.74%, with a one-day return of -1.06%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. It has traded within a narrow range of Rs 10.2, and while it remains above the 5-day, 20-day, and 50-day moving averages, it is below the 100-day and 200-day moving averages.

Investor participation appears to be declining, with delivery volume dropping by 39.8% compared to the 5-day average. However, the stock maintains sufficient liquidity, accommodating trades up to Rs 16.06 crore based on 2% of the 5-day average traded value. As of now, the underlying value of Infosys is Rs 1,497.1, reflecting the current market dynamics.