Surge in Active Put Options for Tata Consultancy Services Ltd. with 10,467 Contracts Traded

Tata Consultancy Services Ltd. (TCS), 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 the put options segment. The company’s underlying stock is currently valued at Rs 3022.5, just 0.89% away from its 52-week low of Rs 2991.6.
Today, a significant number of put contracts were traded, totaling 10,467, with a turnover of approximately Rs 517.83 lakhs. The open interest stands at 6,896 contracts, indicating a robust interest in this option type, which expires on August 28, 2025, with a strike price of Rs 3000.

In terms of performance, TCS is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a downward trend. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 38.15% compared to the 5-day average, reaching 24.07 lakhs on August 14. The stock also boasts a high dividend yield of 4.2%, contributing to its liquidity, which is sufficient for trades up to Rs 16.95 crores based on 2% of the 5-day average traded value.

In summary, TCS's current activity in the options market highlights significant trading dynamics, with a focus on put options as investors navigate the stock's recent performance trends.