Tata Motors' Rs 400 Call Options Soar with 14,929 Contracts Traded on October 17

Tata Motors Ltd., a prominent player in the automobiles sector, 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 399.55. Notably, a significant number of call options were traded, with 14,929 contracts exchanged at a strike price of Rs 400, resulting in a turnover of Rs 856.33 lakhs. The open interest for these options stands at 10,315, indicating a robust interest in this strike price.
In terms of performance, Tata Motors has outperformed its sector by 1.04%, although it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock recorded a 1-day return of 0.66%, while the sector and Sensex returned -0.36% and 0.52%, respectively. However, investor participation appears to be declining, with a delivery volume of 72.06 lakhs on October 17, reflecting a drop of 48.65% compared to the 5-day average.

Overall, Tata Motors continues to be a focal point in the market, showcasing significant trading activity amid fluctuating investor engagement.