Infosys Ltd Sees High Activity in Puts: 2,972 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 company’s underlying stock, INFY, is currently valued at Rs 1511.4. Notably, two put options with expiry dates set for October 28, 2025, have seen significant trading activity.
The put option with a strike price of Rs 1480 recorded 2,958 contracts traded, generating a turnover of Rs 17.16 lakhs, while the option with a strike price of Rs 1500 saw 2,972 contracts traded, resulting in a turnover of Rs 69.78 lakhs. The open interest for these options stands at 2,564 and 3,567 contracts, respectively, indicating a robust interest in these positions.

Despite this activity, Infosys has underperformed its sector by 1.44% today, with a one-day return of -0.95%. The stock has been on a downward trend, losing 1.3% over the past two days. It has traded within a narrow range of Rs 13.1, and while it remains above its 5-day, 20-day, and 50-day moving averages, it is below the 100-day and 200-day moving averages. Additionally, delivery volume has decreased by 12.32% compared to the 5-day average, reflecting a decline in investor participation.

In summary, while Infosys Ltd is experiencing notable activity in its put options, the stock's recent performance indicates challenges in maintaining upward momentum amidst fluctuating investor engagement.