Tata Consultancy Services Sees Surge in Active Put Options with 11,220 Contracts at Rs 3040

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 stock, currently valued at Rs 3100.4, is trading close to its 52-week low, just 3.41% away from Rs 2991.6.
Today, TCS saw significant activity in its put options, with 11,220 contracts traded at a strike price of Rs 3040, generating a turnover of Rs 412.73 lakhs. Additionally, the put option with a strike price of Rs 3000 recorded 17,588 contracts traded, contributing to a turnover of Rs 305.94 lakhs. The open interest for these options stands at 4,719 and 7,494, respectively, indicating a robust interest among traders.

Despite a slight decline of 0.26% in the stock's one-day return, TCS outperformed its sector by 0.27%. The stock has shown a trend reversal after two consecutive days of gains, with moving averages indicating it is above the 5-day and 20-day averages but below the longer-term averages. The liquidity remains favorable, supporting a trade size of Rs 20.22 crore.

In summary, TCS's notable activity in the options market reflects a dynamic trading environment, with significant put options activity and a solid market position within the large-cap segment.