Tata Consultancy Services Ltd. Sees 2,580 Puts at Rs 2900 Strike Price 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 stock, currently valued at Rs 2964.9, is witnessing significant activity with two notable put options set to expire on October 28, 2025.
The put option with a strike price of Rs 2900 saw 2,580 contracts traded, generating a turnover of Rs 82.90 lakhs, while the option priced at Rs 2800 recorded 2,633 contracts traded with a turnover of Rs 24.97 lakhs. The open interest for these options stands at 6,945 and 5,583 contracts, respectively, indicating a robust interest among traders.

Despite the heightened activity in the options market, TCS has underperformed its sector by 0.32% today, with the stock trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock is currently 3.24% away from its 52-week low of Rs 2866.6, reflecting a narrow trading range of Rs 17.7. Additionally, the delivery volume has decreased by 8.08% compared to the 5-day average, highlighting a decline in investor participation.

In summary, TCS's active put options trading underscores the current market dynamics, while the stock's performance metrics reveal a cautious sentiment among investors.