Tata Communications Ltd Sees Surge in Active Put Options with 4,475 Contracts Traded at Rs 1,700 Strike

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, has seen significant activity with 4,475 contracts traded, resulting in a turnover of Rs 163.52 lakhs. The put options have a strike price of Rs 1,700 and are set to expire on July 31, 2025, with an open interest of 1,858 contracts.
In terms of performance, Tata Communications has outperformed its sector by 4.87%, reflecting a strong market position. The stock has been on a positive trajectory, gaining 4.34% over the last two days, with a notable intraday high of Rs 1,813.1, marking a 4.71% increase. The weighted average price indicates that more volume was traded closer to the lower price range, suggesting a shift in trading dynamics.

Despite this activity, there has been a decline in investor participation, with delivery volume dropping by 69.6% compared to the five-day average. However, the stock remains liquid, accommodating trades of up to Rs 1.41 crore based on 2% of the five-day average traded value. Currently, Tata Communications is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust performance trend.

In summary, Tata Communications Ltd's notable activity in the options market, combined with its strong performance metrics, underscores its significant presence in the telecom services industry.