Tata Consultancy Services Ltd. Sees Surge in Active Put Options with 3,649 Contracts 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 put options. The company’s underlying stock is currently valued at Rs 3055.7, with a notable put option expiring on September 30, 2025, at a strike price of Rs 3000. Today, 3,649 contracts were traded, resulting in a turnover of approximately Rs 69.80 lakhs, while the open interest stands at 5,385 contracts.
Despite its active options trading, TCS has faced challenges in the market, underperforming its sector by 0.4%. The stock has been on a downward trend, experiencing a consecutive fall over the last three days, with a total decline of 3.74%. It is currently just 2.17% away from its 52-week low of Rs 2991.6. The stock has traded within a narrow range of Rs 23.7 today and is below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Investor participation has seen a rise, with a delivery volume of 22.07 lakhs on September 22, reflecting a 13.48% increase compared to the 5-day average. TCS also boasts a high dividend yield of 4.13% at its current price, indicating a level of liquidity sufficient for trades around Rs 21.59 crore, based on 2% of the 5-day average traded value.

In summary, while TCS shows significant activity in the options market, it continues to navigate a challenging trading environment marked by recent declines and underperformance relative to its sector.