Surge in Call Options: Persistent Systems Sees 6,285 Contracts at Rs 5200 Strike

Persistent Systems Ltd has emerged as one of the most active stocks in the Computers - Software & Consulting sector today, with significant trading activity in its call options. The stock, which has an underlying value of Rs 5186.5, saw 6,285 contracts traded for call options expiring on July 31, 2025, at a strike price of Rs 5200. This activity generated a turnover of Rs 654.11 lakhs, while open interest stood at 2,548 contracts.
In terms of performance, Persistent Systems has outperformed its sector by 1.61%, marking a notable trend reversal after three consecutive days of decline. However, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a mixed short-term outlook. The stock's delivery volume reached 14.47 lakhs on July 24, reflecting a substantial increase of 416.9% compared to the 5-day average, suggesting rising investor participation.

Despite a modest 1D return of 0.02%, the stock's liquidity remains robust, with a trade size of Rs 12.96 crore based on 2% of the 5-day average traded value. Overall, Persistent Systems continues to attract attention in the market, driven by its recent trading activity and performance metrics.