Tata Motors Ltd. Sees Surge in Active Put Options with 17,143 Contracts at Rs 640

Tata Motors Ltd., a prominent player in the Automobiles - Passenger Cars sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, TATAMOTORS, is currently valued at Rs 651.55. Notably, two put options with expiry on April 24, 2025, have garnered significant attention.
The put option with a strike price of Rs 640 saw 17,143 contracts traded, resulting in a turnover of Rs 264.00 lakhs, while the Rs 630 strike price option recorded 15,733 contracts traded with a turnover of Rs 62.30 lakhs. The open interest for these options stands at 2,710 and 4,087, respectively, indicating a robust interest in these positions.

In terms of performance, Tata Motors has outperformed its sector by 1.72%, with a notable 3.80% return over the past day. The stock has been on an upward trend, gaining 6.02% over the last four days. It reached an intraday high of Rs 654.35, reflecting a 3.73% increase. Despite this positive momentum, investor participation has seen a decline, with delivery volume dropping by 14.71% compared to the five-day average.

Overall, Tata Motors continues to demonstrate strong market activity, particularly in the options space, while navigating fluctuations in investor engagement.