Tata Motors Passenger Vehicles Ltd Sees 9,027 Puts at 370 Strike Amid 9.03% Decline

Tata Motors Passenger Vehicles Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, TMPV, has seen significant trading activity with multiple strike prices ahead of the expiry date on November 25, 2025. Among the notable put options, the strike price of 370 has recorded the highest number of contracts traded at 9,027, generating a turnover of approximately Rs 465.79 lakhs. This is followed closely by the 360 strike price, with 7,458 contracts traded and a turnover of Rs 178.40 lakhs. The 380 strike price also saw considerable activity, with 5,673 contracts traded and a turnover of Rs 580.46 lakhs. Open interest figures indicate a robust interest in these options, particularly at the 370 strike price, which has an open interest of 4,171 contracts. Despite this activity, Tata Motors PV has underperformed the sector by 4.27% today, continuing a downward trend with a five-day return of -9.03%. The stock opened with a gap down of 2.86% and reached an intraday low of Rs 363, reflecting a challenging market environment. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In summary, while Tata Motors Passenger Vehicles Ltd is experiencing heightened activity in its put options, the stock's performance metrics suggest ongoing challenges in the market.