Infosys Sees 7,323 Contracts in 1420 Strike Price Puts Amid Bearish Trend

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 1,449.
Notably, the put options with an expiry date of October 28, 2025, have seen significant trading activity. The strike price of Rs 1,460 led the pack with 5,071 contracts traded, resulting in a turnover of approximately Rs 816.03 lakhs and an open interest of 6,069 contracts. Following closely, the Rs 1,420 strike price recorded 7,323 contracts traded and a turnover of Rs 481.85 lakhs, with an open interest of 5,005 contracts. Other notable strike prices include Rs 1,380, Rs 1,360, and Rs 1,340, which also experienced substantial trading volumes.

Despite this activity, Infosys has underperformed the sector by 0.55% today, continuing a downward trend with a 4.45% decline over the past five days. The stock has been trading below its moving averages across various time frames, indicating a challenging market position. However, there has been a rise in investor participation, with delivery volume increasing significantly.

In summary, while Infosys Ltd is witnessing heightened activity in its put options, the stock's recent performance reflects broader challenges in the market.