Surge in Infosys Ltd Put Options: 7,816 Contracts at Rs 1,480 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 7,816 contracts traded for puts with a strike price of Rs 1,480, reflecting a turnover of approximately Rs 977.63 lakhs. The open interest stands at 2,230 contracts, indicating ongoing interest in this option.
Today, Infosys underperformed its sector by 0.25%, continuing a trend of decline with a total drop of 1.51% over the past three days. The stock has been trading within a narrow range of Rs 9, and while it is currently above its 20-day moving average, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages. Investor participation has also seen a decline, with delivery volume dropping by 43.4% compared to the 5-day average.

Despite these challenges, the stock maintains sufficient liquidity for trading, with a value of Rs 17.29 crore based on 2% of the 5-day average traded value. The one-day return for Infosys is recorded at -0.36%, contrasting with a slight gain in the sector and a positive return in the broader Sensex index. Overall, the activity in Infosys puts highlights the current market dynamics surrounding this large-cap stock.