Infosys Sees Robust Call Option Activity Ahead of December Expiry

Concentrated Call Option Trading at Key Strike Prices

Infosys, a major player in the Computers - Software & Consulting sector, is currently trading at ₹1,675.50. The most active call options for expiry on 30 December 2025 cluster around strike prices ranging from ₹1,640 to ₹1,720. Notably, the strike price of ₹1,700 recorded the highest number of contracts traded, with 28,438 contracts exchanging hands. This was followed by the ₹1,680 strike with 23,825 contracts and ₹1,660 with 14,277 contracts traded.

The turnover figures for these strikes are substantial, with the ₹1,680 call option generating a turnover of approximately ₹1479.06 lakhs and the ₹1,660 strike close behind at ₹1471.10 lakhs. The ₹1,640 strike also saw a significant turnover of ₹1337.08 lakhs, indicating strong liquidity and investor interest in these near-the-money options.

Open Interest Reflects Investor Positioning

Open interest data further illustrates the market’s focus on these strike prices. The ₹1,640 call option holds the largest open interest at 9,403 contracts, followed by ₹1,700 with 9,879 contracts and ₹1,680 at 8,162 contracts. This concentration suggests that investors are positioning themselves for potential upward movement in Infosys shares, with a preference for strikes slightly above the current market price.

Lower strike prices such as ₹1,640 and ₹1,660 show elevated open interest and turnover, which may indicate hedging activity or speculative bets anticipating a rally. Meanwhile, the ₹1,720 strike, despite fewer contracts traded (6,799), maintains an open interest of 2,469 contracts, signalling some interest in higher price targets.

Infosys Stock Performance Contextualises Option Activity

Infosys has outperformed its sector by 1.31% on the day, with a 1-day return of 2.32% compared to the sector’s 0.96% and the Sensex’s 0.60%. The stock has recorded gains over the last four consecutive days, accumulating a 5.3% return during this period. It touched an intraday high of ₹1,693.20, representing a 3.33% rise on the day.

Technical indicators show Infosys trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling a sustained positive momentum. Additionally, delivery volume on 19 December surged to 89.02 lakh shares, a 185.45% increase compared to the five-day average, reflecting rising investor participation. The stock’s liquidity supports sizeable trade volumes, with an estimated trade size capacity of ₹23.4 crore based on 2% of the five-day average traded value.

Expiry Patterns and Market Sentiment

The expiry date of 30 December 2025 is the focal point for the current option activity. The clustering of call options around strike prices close to the underlying value suggests a bullish tilt among traders. The high volume and open interest at strikes ₹1,660, ₹1,680, and ₹1,700 indicate expectations that Infosys shares may test or surpass these levels before expiry.

Such positioning often reflects a combination of speculative interest and hedging strategies by institutional investors. The elevated turnover and open interest at these strikes imply that market participants are actively managing risk and positioning for potential upside scenarios in the near term.

Comparative Sector and Market Performance

Within the Computers - Software & Consulting sector, Infosys’s recent performance stands out. The stock’s 2.32% gain on the day surpasses the sector average and the broader Sensex index, highlighting its relative strength. This outperformance may be contributing to the heightened call option activity as investors seek to capitalise on the momentum.

Infosys’s market capitalisation of ₹6,81,192 crore places it firmly in the large-cap category, attracting institutional interest and ensuring ample liquidity in both the cash and derivatives markets. The stock’s ability to sustain gains above key moving averages reinforces the positive market assessment and supports the observed option market dynamics.

Investor Implications and Outlook

The concentrated call option activity in Infosys ahead of the December expiry provides insight into market expectations and investor sentiment. The preference for strike prices slightly above the current market level suggests a cautiously optimistic outlook, with traders positioning for potential gains while managing risk.

Investors monitoring Infosys should consider the interplay between the stock’s technical strength, sector performance, and derivatives market activity. The elevated delivery volumes and sustained price momentum support the notion of rising investor interest, while the option market data highlights key price levels that may act as focal points in the coming weeks.

As the expiry date approaches, the evolution of open interest and trading volumes at these strike prices will offer further clues on market conviction and potential price trajectories. For market participants, understanding these dynamics is essential for informed decision-making in both the cash and derivatives segments.

Summary

Infosys Ltd’s derivatives market activity ahead of the 30 December 2025 expiry reveals a strong focus on call options with strike prices near the current underlying value of ₹1,675.50. High volumes and open interest at strikes ₹1,660, ₹1,680, and ₹1,700 indicate bullish positioning and expectations of upward price movement. The stock’s recent outperformance relative to its sector and the Sensex, combined with rising delivery volumes and technical strength, underpin this market sentiment. Investors should closely watch option expiry patterns and price action to gauge evolving market perspectives on this leading software and consulting company.

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