Tata Consultancy Services Ltd. Sees 4,464 Contracts in 2960 Strike Price Puts 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 value stands at Rs 3038.6, with several put options set to expire on October 28, 2025.
Among the notable trades, the put option with a strike price of Rs 2940 saw the highest activity, with 5,184 contracts traded and a turnover of Rs 169.83 lakhs. Following closely, the Rs 2960 strike price option recorded 4,464 contracts traded, generating a turnover of Rs 181.71 lakhs. Other significant trades included the Rs 2980 and Rs 2920 strike prices, with 3,502 and 3,124 contracts traded, respectively.

Despite this activity, TCS has underperformed its sector by 0.69% today, with a one-day return of -0.90%. The stock has experienced a trend reversal, falling after two consecutive days of gains. It remains liquid enough for trades sized at Rs 19.81 crore, although investor participation has seen a decline, with delivery volume down by 2.83% against the five-day average.

In summary, TCS's put options are witnessing significant trading activity, reflecting current market dynamics, while the stock itself is navigating a challenging day in terms of performance.