Tata Motors' Put Options Surge: 15,413 Contracts at Rs 610 Strike Captivate Investors

Tata Motors Ltd., a prominent player in the Automobiles - Passenger Cars industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company’s stock, trading at an underlying value of Rs 616.1, has seen significant activity with multiple put options set to expire on April 24, 2025.
The put option with a strike price of Rs 620 led the activity, with 15,147 contracts traded and a turnover of Rs 1,059.68 lakhs. Following closely, the Rs 610 strike price option recorded 15,413 contracts traded and a turnover of Rs 695.13 lakhs. The Rs 600 strike price put option also saw notable trading, with 11,631 contracts and a turnover of Rs 326.33 lakhs. Open interest figures indicate ongoing interest, with 5,828 contracts for the Rs 600 strike, 4,381 for the Rs 620 strike, and 3,292 for the Rs 610 strike.

Despite this activity, Tata Motors has faced a decline, with a one-day return of -0.54%, reflecting a broader trend as the stock has lost 2.1% over the past two days. The stock's performance today aligns with the sector, which saw a -0.48% return. Additionally, liquidity remains adequate for trading, with a delivery volume of 49.17 lakhs, although this represents a significant drop of 42.23% compared to the five-day average.

In summary, Tata Motors' put options are drawing considerable attention amid a challenging trading environment, highlighting the dynamics of investor behavior in the current market landscape.