Tata Consultancy Services Ltd. Sees Surge in Active Put Options with 5,212 Contracts at Rs 3,200 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 5,212 contracts traded at a strike price of Rs 3,200. This activity has generated a turnover of approximately Rs 315.59 lakhs, while the open interest stands at 7,492 contracts.
Despite the heightened activity in the options market, TCS's stock has been under pressure, having experienced a decline of 1.39% over the past three days. Currently, the stock is trading close to its 52-week low, just 4.71% away from Rs 3,056.05. The stock has shown a narrow trading range of Rs 30.7 today and is below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Investor participation appears to be waning, with delivery volume dropping by 29.34% compared to the 5-day average. However, TCS maintains a high dividend yield of 4.27%, and its liquidity remains adequate for trades of Rs 27.01 crore, based on 2% of the 5-day average traded value. Overall, TCS's current market dynamics reflect a challenging environment, underscoring the complexities of the stock's performance amidst active options trading.