Wipro Ltd. Sees Surge in Active Put Options, Rs 260 Strike Hits 6,780 Contracts

Wipro Ltd., a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, WIPRO, is currently valued at Rs 266.5. Notably, three significant put options are drawing attention, all set to expire on July 31, 2025.
The put option with a strike price of Rs 260 saw the highest activity, with 6,780 contracts traded and a turnover of Rs 726.138 lakhs, alongside an open interest of 2,678 contracts. Following closely, the Rs 240 strike price put option recorded 3,407 contracts traded and a turnover of Rs 36.7956 lakhs, with an open interest of 1,211. The Rs 265 strike price put option also attracted considerable interest, with 3,086 contracts traded and a turnover of Rs 565.6638 lakhs, and an open interest of 646.

In terms of stock performance, Wipro outperformed its sector by 2.84% today, opening with a gain of 3.07% and reaching an intraday high of Rs 271.9, reflecting a 4.34% increase. Despite this positive movement, there has been a noted decline in investor participation, with delivery volume dropping by 37.34% compared to the five-day average.

Overall, Wipro's current market dynamics, characterized by significant put option activity and fluctuating investor engagement, highlight the stock's ongoing relevance in the financial landscape.