Tata Motors Call Options Surge: Rs 420 Strike Sees 8,936 Contracts Traded

Tata Motors Ltd., a prominent player in the automobile industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, TATAMOTORS, is currently valued at Rs 395.65. Notably, several call options with an expiry date of October 28, 2025, have seen significant trading activity. The call option with a strike price of Rs 420 led the activity with 8,936 contracts traded, resulting in a turnover of Rs 377.46 lakhs and an open interest of 7,031 contracts. Following closely, the Rs 410 strike price option recorded 8,005 contracts traded and a turnover of Rs 502.07 lakhs, with an open interest of 5,383. Other notable strike prices include Rs 430, Rs 440, and Rs 450, with respective contracts traded of 6,622, 5,560, and 7,615. In terms of performance, Tata Motors has shown a slight recovery today, gaining 0.10% after eight consecutive days of decline. However, it remains below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's liquidity appears robust, with a delivery volume of 2.11 crore on October 14, reflecting a 98.86% increase compared to the 5-day average. Overall, Tata Motors continues to attract attention in the market, driven by notable trading volumes and a recent trend reversal.