Surge in Active Put Options for Persistent Systems Ltd: 33,608 Contracts at 5200 Strike Price

Persistent Systems Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, operating within the Computers - Software & Consulting industry, has seen significant trading activity in its put options with various strike prices set for expiry on July 31, 2025.
Notably, the put option with a strike price of 5200 recorded the highest trading volume, with 33,608 contracts traded and a turnover of approximately Rs 4,090.43 lakhs. Following closely, the 5100 strike price put option saw 30,316 contracts traded, generating a turnover of Rs 2,673.57 lakhs. Other notable strike prices include 5000 and 4600, with 28,729 and 16,986 contracts traded, respectively.

The underlying value of Persistent Systems stands at Rs 5,175. The stock has recently shown a trend reversal, gaining after three consecutive days of decline, outperforming its sector by 1.61%. However, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's liquidity remains robust, with a delivery volume of 14.47 lakhs on July 24, reflecting a 416.9% increase against the 5-day average.

In summary, Persistent Systems Ltd's put options are witnessing heightened activity, reflecting a dynamic trading environment as the stock navigates recent performance trends.