Tata Motors Ltd. Sees Surge in Active Put Options with 22,655 Contracts at Rs 680

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 stock, trading at an underlying value of Rs 674.3, has seen significant activity in its put options with two notable strike prices.
For the put option with a strike price of Rs 670, 22,535 contracts were traded, generating a turnover of Rs 282.59 lakhs, while the put option at a strike price of Rs 680 saw 22,655 contracts traded, resulting in a turnover of Rs 616.78 lakhs. The open interest for these options stands at 3,134 and 2,563 contracts, respectively, indicating ongoing interest among traders.

In terms of performance, Tata Motors has underperformed its sector by 0.3% today, although it has gained 0.48% over the past two days. The stock has traded within a narrow range of Rs 5.55 and is currently above its 5-day moving average but below its longer-term moving averages. Notably, investor participation has risen, with a delivery volume of 79.36 lakhs on June 24, reflecting a 35.38% increase compared to the 5-day average.

Overall, Tata Motors continues to attract attention in the options market, reflecting its active trading environment amidst a backdrop of fluctuating performance metrics.