Mphasis Ltd. Sees 3,052 Contracts in Rs 2600 Put Options Amid Active Trading

Mphasis Ltd., a mid-cap 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, MPHASIS, is currently valued at Rs 2676.7. Notably, several put options with an expiry date of November 25, 2025, have seen significant trading activity.
The put option with a strike price of Rs 2600 recorded the highest volume, with 3,052 contracts traded and a turnover of Rs 169.12 lakhs. Following closely, the Rs 2650 strike price option saw 2,743 contracts traded, generating a turnover of Rs 244.78 lakhs. The Rs 2500 strike price option also contributed with 2,277 contracts traded and a turnover of Rs 45.46 lakhs. Open interest figures indicate a robust interest in these options, with 975, 878, and 633 contracts respectively.

In terms of performance, Mphasis has outperformed its sector by 0.91%, despite a slight decline of 0.30% in its one-day return. The stock has shown resilience, maintaining a position above its 200-day moving average, although it remains below the shorter-term moving averages. The liquidity remains favorable, with a delivery volume of 3.96 lakhs, reflecting a 58.21% increase against the five-day average.

Overall, Mphasis Ltd. continues to attract attention in the options market, driven by notable trading volumes in its put options, while maintaining a solid market position within its industry.