Infosys Ltd Sees Surge in Put Options Activity with 4,252 Contracts at Rs 1580 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 in put options. The company’s underlying stock, INFY, is currently valued at Rs 1590.7. Notably, two significant put options are drawing attention: one with a strike price of Rs 1600, which saw 4,082 contracts traded and a turnover of Rs 699.33 lakhs, and another with a strike price of Rs 1580, where 4,252 contracts were traded, resulting in a turnover of Rs 587.12 lakhs.
The open interest for these puts stands at 4,534 and 2,273, respectively, indicating a robust interest in these options. Today, Infosys has outperformed its sector by 0.66%, marking a trend reversal after four consecutive days of decline. The stock reached an intraday high of Rs 1603.6, reflecting a 2.12% increase.

Despite being higher than the 50-day moving averages, the stock remains below the 5-day, 20-day, 100-day, and 200-day moving averages. Investor participation has notably increased, with a delivery volume of 79.78 lakhs on July 14, up by 104.88% compared to the 5-day average. The liquidity remains favorable for trading, with a capacity for a trade size of Rs 24.72 crore.

In summary, Infosys Ltd is witnessing significant activity in its put options, reflecting a dynamic trading environment amidst recent performance fluctuations.