Tata Motors Ltd. Sees Surge in Active Call Options with 2,887 Contracts at Rs 700 Strike

Tata Motors Ltd., a prominent player in the automobiles sector, has emerged as one of the most active stocks today, reflecting significant trading activity. The stock, trading under the ticker TATAMOTORS, has seen a notable number of call options traded, with 2,887 contracts exchanged at a strike price of Rs 700, leading to a turnover of approximately Rs 368.1 lakhs. The open interest stands at 7,475 contracts, indicating a robust interest in this option.
Today, Tata Motors outperformed its sector with a 1D return of 0.44%, compared to the sector's return of 0.24% and the Sensex's marginal gain of 0.01%. The underlying value of the stock is currently at Rs 686.7, which is higher than the 5-day and 100-day moving averages, although it remains below the 20-day, 50-day, and 200-day moving averages.

Despite this positive performance, there has been a decline in investor participation, with delivery volume dropping by 44.27% against the 5-day average, totaling 27.2 lakhs on July 1. Nevertheless, the stock maintains sufficient liquidity for trades, with a capacity for a trade size of Rs 12.29 crores based on 2% of the 5-day average traded value. Overall, Tata Motors continues to be a focal point in the market, reflecting both activity and underlying trends in the automobile industry.