Tata Consultancy Services Ltd. Sees 3,027 Active Put Contracts at Rs 3,400 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 July 31, 2025, have seen significant trading activity, with 3,027 contracts traded at a strike price of Rs 3,400. This activity has generated a turnover of approximately Rs 398.72 lakhs, while the open interest stands at 5,558 contracts, indicating a robust interest in these options.
Despite the heightened activity in the options market, TCS has faced challenges in its stock performance, having underperformed the sector by 0.32%. The stock has been on a downward trend, recording a 0.56% decline over the past three days, with a one-day return of -0.23%. The stock has traded within a narrow range of Rs 17.4 today and is currently valued at Rs 3,396.

TCS is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a bearish sentiment. However, there has been a notable increase in investor participation, with delivery volume rising by 24.25% compared to the 5-day average. The stock maintains a high dividend yield of 3.7%, and its liquidity remains favorable for trades sized at Rs 15.73 crore, based on 2% of the 5-day average traded value.

In summary, while TCS shows significant activity in the options market, its stock performance has been under pressure, highlighting the complexities of its current market position.