Tata Motors' Rs 720 Call Options Lead with 7,221 Contracts Traded Today

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 710.9. 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 740 recorded 4,857 contracts traded, generating a turnover of Rs 231.97 lakhs and an open interest of 9,898 contracts. Meanwhile, the Rs 750 strike price option saw 5,411 contracts traded, with a turnover of Rs 193.93 lakhs and an open interest of 9,366. The Rs 730 strike price option was particularly active, with 5,646 contracts traded and a turnover of Rs 374.89 lakhs, while the Rs 800 strike price option had 6,617 contracts traded, contributing Rs 54.52 lakhs to the turnover.

Despite this activity, Tata Motors has underperformed its sector by 0.27% today, with a 1D return of -0.77%. The stock has been on a downward trend for the past two days, losing 1.05% in that period. However, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a relatively strong position in terms of historical performance. The liquidity of the stock is also noteworthy, with a delivery volume of 93.84 lakhs on October 3, reflecting a 23.24% increase against the 5-day average.

In summary, Tata Motors continues to attract attention in the options market, showcasing significant trading volumes across various strike prices, despite recent performance challenges.