Infosys Ltd Sees Surge in Call Options with 6,178 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, saw significant activity in its call options, particularly with a strike price of Rs 1600. A total of 6,178 contracts were traded, resulting in a turnover of Rs 955.53 lakhs, while open interest stood at 4,828 contracts.
Despite this activity, Infosys has underperformed its sector by 0.3%, continuing a downward trend with a 3.05% decline over the past three days. Today, the stock opened with a loss of 2.27%, reaching an intraday low of Rs 1563, reflecting a decrease of 3.27%. While the stock is currently above its 50-day moving average, it remains below the 5-day, 20-day, 100-day, and 200-day moving averages.

Investor participation has shown signs of rising, with a delivery volume of 33.12 lakhs on July 10, marking an 11.14% increase compared to the 5-day average. The stock's liquidity remains robust, accommodating trade sizes of Rs 15.88 crore based on 2% of the 5-day average traded value. Overall, Infosys continues to be a focal point in the market, reflecting both activity and challenges in its recent performance.