Tata Consultancy Services Ltd. Sees Surge in Put Options with 4,070 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 put options. The company, with a market capitalization of Rs 11,72,224.17 crore, is currently trading at an underlying value of Rs 3,238.50.
Among the notable put options, the strike price of Rs 3,300 saw the highest activity, with 2,411 contracts traded and a turnover of Rs 359.65 lakh. Following closely, the Rs 3,200 strike price recorded 4,070 contracts traded, contributing Rs 240.31 lakh to the turnover. Other significant strike prices included Rs 3,260 with 1,897 contracts and Rs 3,240 with 2,797 contracts traded, reflecting a robust interest in these options.

Despite the heightened activity in the options market, TCS has faced challenges in its stock performance, experiencing a decline of 5.32% over the past six days. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, there has been a notable increase in delivery volume, rising by 305.4% against the 5-day average, suggesting a shift in investor participation.

In summary, TCS's put options are witnessing significant trading activity, reflecting the current market dynamics, while the stock itself is navigating a downward trend.