Tata Consultancy Services Sees 2,641 Put Contracts Traded at Rs 2,900 Strike Price

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 October 28, 2025, have seen significant activity, with 2,641 contracts traded at a strike price of Rs 2,900. This activity has generated a turnover of approximately Rs 296.25 lakh, while the open interest stands at 8,059 contracts, indicating a robust interest in these options.
Currently, TCS is trading at Rs 2,899.4, just 1.24% away from its 52-week low of Rs 2,866.6. The stock has exhibited a narrow trading range of Rs 27.6 today, reflecting a cautious market sentiment. Performance metrics reveal that TCS is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a downward trend in the short to medium term.

Investor participation has notably decreased, with a delivery volume of 10.93 lakh shares on October 1, down 52.24% from the 5-day average. Despite these challenges, TCS maintains a high dividend yield of 4.36% at its current price, and liquidity remains adequate for trades sized at Rs 21.42 crore, based on 2% of the 5-day average traded value.

In summary, TCS's recent put option activity highlights a significant engagement in the options market, reflecting current market dynamics and investor behavior without indicating future trends or recommendations.