Tata Consultancy Services Ltd. Sees 3,389 Active Put Contracts at Rs 2,900 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 stock is currently trading at Rs 2915.5, just 0.88% away from its 52-week low of Rs 2891.3.
On September 26, 2023, TCS saw significant activity with 3,389 put contracts traded, resulting in a turnover of Rs 56.22 lakhs. The open interest stands at 2,802 contracts, indicating a robust interest in this option type, which expires on September 30, 2025, with a strike price of Rs 2900.

Today’s performance shows that TCS has outperformed its sector by 0.28%, marking a trend reversal after six consecutive days of decline. The stock has traded within a narrow range of Rs 16.4, and despite being below its moving averages across various time frames, it has experienced a one-day return of 0.63%. Additionally, the stock's liquidity remains strong, with a delivery volume of 30.01 lakhs, reflecting a 20.64% increase compared to the five-day average.

In summary, TCS's notable activity in the put options market, combined with its recent performance metrics, highlights its current market dynamics without venturing into future predictions or recommendations.