Persistent Systems Ltd Sees Surge in Active Put Options with Rs 5000 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 in the IT - Software industry, has seen significant trading activity with two notable put options. The first option, expiring on May 29, 2025, with a strike price of Rs 5000, recorded 1,885 contracts traded and a turnover of Rs 301.74 lakhs, alongside an open interest of 1,494 contracts. The second option, set to expire on April 24, 2025, at a strike price of Rs 5100, saw 1,973 contracts traded and a turnover of Rs 15.06 lakhs, with an open interest of 881 contracts.
Today, Persistent Systems outperformed its sector by 2.83%, marking a consecutive gain over the last five days, with a total return of 12.9% during this period. The stock opened with a gain of 2.1% and reached an intraday high of Rs 5353, reflecting a 3.67% increase. The stock's performance is currently above its 5-day and 20-day moving averages, although it remains below the longer-term averages. Notably, investor participation has risen significantly, with delivery volume increasing by 253.3% compared to the 5-day average. Overall, Persistent Systems continues to demonstrate robust activity in the market, underscoring its position within the large-cap segment, with a market capitalization of Rs 83,403.13 crore.