Tata Motors Ltd. Sees Surge in Active Call Options with 17,494 Contracts at 680 Strike

Tata Motors Ltd., a prominent player in the automobile industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The company’s underlying stock, TATAMOTORS, has seen notable movements with two call options attracting considerable attention.
The call option with a strike price of 680 has recorded 17,494 contracts traded, resulting in a turnover of approximately Rs 558.58 lakhs, while the option with a strike price of 690 has seen 12,421 contracts traded and a turnover of Rs 182.56 lakhs. The open interest for these options stands at 7,696 and 6,681 contracts, respectively, indicating a robust interest among traders.

In terms of performance metrics, Tata Motors has outperformed its sector by 0.47%, with a 1D return of 1.88%, compared to the sector's 1.31% and the Sensex's 0.92%. The stock is currently valued at Rs 681.4, which is higher than its 5-day and 100-day moving averages, although it remains below the 20-day, 50-day, and 200-day moving averages.

Despite a decline in delivery volume by 26.05% against the 5-day average, the stock maintains sufficient liquidity for trades up to Rs 17.91 crores. Overall, Tata Motors continues to be a focal point in the market, reflecting dynamic trading patterns and investor engagement.