Tata Consultancy Services Ltd. Sees 1,159 Active Put Contracts at Rs 3100 Strike

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 put options, set to expire on September 30, 2025, with a strike price of Rs 3100, saw a notable trading volume of 1,159 contracts, contributing to a turnover of approximately Rs 95.31 lakhs. The open interest for these puts stands at 4,371 contracts, indicating a significant level of market engagement.
Currently, TCS is valued at Rs 3124.3, which places it just 4.27% above its 52-week low of Rs 2991.6. The stock's performance today aligns closely with its sector, reflecting a 1.46% one-day return, compared to a 1.32% return for the sector and a 0.47% return for the Sensex. Notably, the stock has shown signs of a trend reversal, gaining after two consecutive days of decline.

Despite being higher than the 5-day and 20-day moving averages, TCS remains below its 50-day, 100-day, and 200-day moving averages. The stock's liquidity is adequate for trading, with a delivery volume of 15.74 lakhs on August 29, which has decreased by 26.65% against the 5-day average. TCS also boasts a high dividend yield of 4.12% at its current price. Overall, TCS's activity in the options market reflects ongoing interest and engagement from investors.