Tata Motors' 650 Strike Puts Surge with 5,998 Contracts Amid Bearish Trend

Tata Motors Ltd., a prominent player in the automobile industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, TATAMOTORS, is currently valued at Rs 671.6. Notably, several put options with an expiry date of October 28, 2025, have seen significant trading activity.
The most actively traded put option was at a strike price of Rs 650.0, with 5,998 contracts exchanged, resulting in a turnover of Rs 112.28 lakhs and an open interest of 4,640 contracts. Other notable strike prices include Rs 690.0, with 3,574 contracts traded and a turnover of Rs 494.07 lakhs, and Rs 630.0, where 2,188 contracts were traded, generating a turnover of Rs 14.70 lakhs.

Despite this activity, Tata Motors has underperformed its sector by 0.51% today, continuing a downward trend with a 5-day return of -5.69%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position. However, there has been a rise in investor participation, with delivery volumes increasing by 5.45% compared to the 5-day average.

In summary, Tata Motors' put options are witnessing heightened activity amid a backdrop of declining stock performance, reflecting the complexities of the current market environment.