Surge in Active Put Options for Infosys Ltd: 5,689 Contracts at Rs 1500 Strike

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 with its put options. The company’s underlying stock, INFY, is currently valued at Rs 1502.4. Notably, two significant put options are drawing attention: one with a strike price of Rs 1480, which saw 4,073 contracts traded and a turnover of Rs 124.96 lakhs, and another with a strike price of Rs 1500, where 5,689 contracts were traded, resulting in a turnover of Rs 313.58 lakhs.
The open interest for these puts stands at 4,260 and 5,947, respectively, indicating a robust interest in these options. Today’s performance shows that Infosys has gained slightly after two consecutive days of decline, aligning with sector trends. However, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a bearish sentiment in the short to medium term.

Despite a modest one-day return of 0.14%, the stock's liquidity remains strong, with a delivery volume of 1.04 crore on September 22, marking an 87.66% increase compared to the 5-day average. As the market continues to evolve, Infosys remains a focal point for traders and investors alike.