Tata Consultancy Services Ltd. Sees 11,155 Active Put Options 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 11,155 contracts exchanged at a turnover of approximately Rs 728.34 lakhs. The strike price for these puts is set at Rs 3,200, while the underlying value of TCS stands at Rs 3,188.40.
Despite the heightened activity in the options market, TCS has been experiencing a downward trend, having lost 2.76% over the past four days. The stock is currently trading close to its 52-week low, just 3.37% above Rs 3,056.05. Performance metrics indicate that TCS is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a bearish sentiment. Additionally, the stock's liquidity remains adequate, with a delivery volume of 27.7 lakhs, although this figure has decreased by 0.35% compared to the 5-day average.

In summary, TCS's recent activity in the put options market highlights a notable shift in trading dynamics, amidst a backdrop of declining stock performance and investor participation.