Persistent Systems Ltd Sees Surge in Put Options: 18,581 Contracts at Rs 5000 Strike

Persistent Systems Ltd has emerged as one of the most active stocks in the options market today, particularly in the put option segment. The company, operating in the Computers - Software & Consulting industry, has seen significant trading activity with multiple strike prices for put options expiring on July 31, 2025.
The put option with a strike price of Rs 5000 led the activity, with 18,581 contracts traded and a turnover of Rs 1,115.97 lakhs, alongside an open interest of 1,668 contracts. Other notable strike prices include Rs 4900, with 8,840 contracts traded and a turnover of Rs 342.64 lakhs, and Rs 4800, which saw 9,352 contracts traded with a turnover of Rs 227.44 lakhs.

Despite this activity, Persistent Systems has underperformed the sector by 6.37% today, with a one-day return of -7.54%. The stock has been on a downward trend, losing 10.02% over the past three days. It reached an intraday low of Rs 5,190, reflecting high volatility of 5.16%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.

Overall, the trading dynamics surrounding Persistent Systems highlight a significant interest in put options, amidst a backdrop of declining stock performance and investor participation.