Infosys Ltd Sees Surge in Call Option Activity with 17,168 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 today, particularly in the options market. The company’s underlying stock, INFY, is currently valued at Rs 1440.7. Notably, several call options with an expiry date of September 30, 2025, have seen significant trading activity.
The call option with a strike price of Rs 1500 led the activity with 17,168 contracts traded, resulting in a turnover of Rs 1,055.49 lakhs and an open interest of 7,153 contracts. Following closely, the Rs 1480 strike price option recorded 13,271 contracts traded and a turnover of Rs 1,163.07 lakhs, with an open interest of 4,085. Other notable strike prices include Rs 1460 and Rs 1540, with 12,663 and 11,237 contracts traded, respectively.

Despite this activity, Infosys has underperformed the sector by 0.35% today, marking a consecutive decline over the past four days, with a total drop of 3.95%. The stock reached an intraday low of Rs 1433, reflecting a 2.05% decrease. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The liquidity remains adequate for trading, with a delivery volume of 26.55 lakhs, although this has decreased by 21.55% compared to the 5-day average.

In summary, while Infosys Ltd shows notable activity in the options market, its recent performance metrics indicate challenges in maintaining upward momentum.