Oracle Financial Services Sees Surge in Put Options with 1,552 Contracts at Rs 9,400 Strike

Oracle Financial Services Software Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, OFSS, has seen significant trading activity with 1,552 contracts traded at a strike price of Rs 9,400, resulting in a turnover of approximately Rs 235.50 lakhs. The open interest stands at 620 contracts, indicating a notable level of engagement among traders.
In terms of performance, Oracle Financial Services Software has underperformed its sector by 0.37% today, with a one-day return of -0.88%. This decline follows a trend reversal, as the stock had experienced five consecutive days of gains prior to today. The stock's current value is Rs 9,399.50, which is slightly below the strike price of the active puts.

From a technical perspective, the stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, yet remains below its 200-day moving average. Additionally, there has been a rise in investor participation, with a delivery volume of 92,130 shares on June 10, reflecting a 21.76% increase compared to the 5-day average. The liquidity of the stock remains robust, accommodating trades of up to Rs 5.07 crore based on 2% of the 5-day average traded value.

In summary, Oracle Financial Services Software Ltd is witnessing heightened activity in its put options, reflecting a complex interplay of market dynamics and investor behavior.