Surge in TCS Put Options: 3,637 Contracts at Rs 3280 Strike Signal Market Sentiment

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 3322.2, has seen significant activity in various put options set to expire on July 31, 2025.
Among the notable trades, the put option with a strike price of Rs 3120 recorded the highest volume, with 3,532 contracts traded and a turnover of Rs 52.57 lakh. This was closely followed by the Rs 3280 strike price option, which saw 3,637 contracts traded and a turnover of Rs 270.78 lakh. Other active strike prices included Rs 3260, Rs 3340, and Rs 3380, with respective contract volumes of 3,148, 3,089, and 2,873.

Despite this activity, TCS has underperformed the sector by 0.61% today, continuing a downward trend with a 3.07% decline over the past five days. The stock opened down 2.43% and reached an intraday low of Rs 3297. Additionally, TCS is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.

In terms of liquidity, the stock remains accessible for trades, with a delivery volume of 17.56 lakh shares on July 10, reflecting a 29.62% increase compared to the 5-day average. Overall, the activity in TCS put options highlights a notable interest in hedging strategies amidst current market conditions.