Tata Elxsi Sees 4,153 Contracts in 5500 Strike Puts Amid Price Drop

Tata Elxsi Ltd., a mid-cap 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’s stock, trading under the ticker TATAELXSI, has seen significant activity with multiple put options set to expire on October 28, 2025.
The put option with a strike price of Rs 5500 led the activity, with 4,153 contracts traded and a turnover of Rs 633.08 lakhs, alongside an open interest of 1,250 contracts. Another notable put option at a strike price of Rs 5400 recorded 3,129 contracts traded and a turnover of Rs 350.39 lakhs, while the Rs 5000 strike price option saw 3,236 contracts traded with a turnover of Rs 66.31 lakhs and an open interest of 1,480.

Despite this activity, Tata Elxsi's stock has underperformed its sector by 1.94% today, reflecting a one-day return of -2.03%. The stock reached a day’s low of Rs 5406, marking a 3% decline. While the stock remains above its 5-day moving averages, it is trading below its longer-term moving averages. The liquidity remains robust, with a delivery volume increase of 87.78% compared to the 5-day average.

In summary, Tata Elxsi's notable put option activity highlights a significant engagement in the options market, amidst a backdrop of recent stock performance challenges.