Tata Communications Ltd Sees Surge in Active Put Options with 10,181 Contracts Traded

Tata Communications Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, TATACOMM, is currently valued at Rs 1,762.90, with a notable expiry date for the put options set for July 31, 2025. The strike price for these puts is Rs 1,700, and today, a significant volume of 10,181 contracts has been traded, resulting in a turnover of approximately Rs 379.50 lakhs.
Open interest stands at 793 contracts, indicating a robust interest in this option type. In terms of performance, Tata Communications has shown a slight decline of 0.14% over the past day, aligning closely with sector trends. The stock has been gaining momentum recently, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend in its price movement.

Investor participation has also seen a rise, with a delivery volume of 8.25 lakhs on July 18, reflecting a 272.34% increase compared to the 5-day average. The liquidity of the stock remains strong, accommodating trades up to Rs 3.36 crore based on 2% of the 5-day average traded value.

In summary, Tata Communications Ltd is experiencing heightened activity in its put options, driven by significant trading volumes and a solid market position within the telecom services industry.