Tata Consumer Products Sees Surge in Active Put Options with 1,756 Contracts Traded

Tata Consumer Products Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, trading under the ticker TATACONSUM, has seen significant activity with 1,756 contracts traded, resulting in a turnover of approximately Rs 249.32 lakhs. The puts have a strike price of Rs 1,100 and are set to expire on May 29, 2025, with an open interest of 1,024 contracts.
In terms of price performance, Tata Consumer Products has experienced a notable trend reversal, falling after nine consecutive days of gains. The stock reached an intraday low of Rs 1,098.3, reflecting a decline of 4.5%. Despite this drop, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend.

Today's performance aligns with the sector, which saw a 1.79% decline, while Tata Consumer's one-day return stands at -2.00%. The stock's liquidity remains robust, with a delivery volume of 800,000 shares on April 23, marking a 43.85% increase compared to the 5-day average. Overall, Tata Consumer Products continues to be a focal point in the market, reflecting both its active trading status and the current dynamics within the tea and coffee industry.