Surge in Call Options: 10,440 Contracts Traded at Rs 10,000 Strike for OFSS

Oracle Financial Services Software Ltd (OFSS) has emerged as one of the most active stocks today, particularly in the options market. The company, operating within the Software Products industry and boasting a market capitalization of Rs 83,434.08 crore, has seen significant trading activity in its call options. With an expiry date set for June 26, 2025, the call options with a strike price of Rs 10,000 recorded a notable 10,440 contracts traded, resulting in a turnover of Rs 712.65 lakh. The open interest stands at 2,176 contracts, indicating ongoing interest in these options.
In terms of performance, OFSS has outperformed its sector by 1.54%, marking a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 9,685, reflecting a gain of 2.96% for the day. Additionally, the stock's current value is Rs 9,576, which is higher than the 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Despite a decrease in delivery volume by 20.7% compared to the 5-day average, the stock maintains sufficient liquidity for trades around Rs 5.01 crore, indicating a stable trading environment. Overall, Oracle Financial Services Software Ltd continues to attract attention in the market with its recent performance metrics and trading activity.