Tata Consultancy Services Ltd. Sees Surge in Put Options with 20,970 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 put options. The company’s stock, currently valued at Rs 3085.8, is trading close to its 52-week low, just 0.27% away from Rs 3056.05.
Today, TCS saw significant activity in its put options with the highest volume recorded for the strike price of Rs 3100, where 20,970 contracts were traded, resulting in a turnover of Rs 979.09 lakhs. Other notable strike prices included Rs 3080 with 16,178 contracts and Rs 3060 with 13,539 contracts traded, reflecting a total turnover of Rs 533.39 lakhs and Rs 313.46 lakhs, respectively. The open interest for these options indicates a growing interest, with 1,970 contracts for the Rs 3100 strike and 1,578 for the Rs 3080 strike.

Despite the rising investor participation, as evidenced by a delivery volume of 23.55 lakhs, TCS has experienced a decline of 3.61% over the past four days. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. With a high dividend yield of 4.12% and sufficient liquidity for trades, TCS remains a focal point in the market. Overall, the activity in TCS puts reflects a notable shift in market dynamics, underscoring the stock's current performance amid broader market trends.