Tata Motors Ltd. Sees Surge in Call Options with 2,634 Contracts Traded at Rs 700 Strike

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 687.8. Notably, a total of 2,634 call option contracts were traded, with a turnover of Rs 238.93 lakhs, indicating significant activity among traders. The options have an expiry date set for July 31, 2025, with a strike price of Rs 700, and an open interest of 9,592 contracts suggests ongoing interest in this stock.
In terms of performance, Tata Motors has experienced a slight decline of 0.71% today, which aligns closely with the sector's performance, where the sector index fell by 0.47%. The stock has been on a downward trend, losing 0.95% over the past two days. While the stock's price is currently above the 100-day moving average, it remains below the 5-day, 20-day, 50-day, and 200-day moving averages, indicating mixed short-term performance.

Investor participation appears to be waning, with delivery volume dropping by 6.43% compared to the 5-day average. However, the stock maintains sufficient liquidity for trades, with a capacity for a trade size of Rs 10.18 crores based on 2% of the 5-day average traded value. Overall, Tata Motors continues to be a focal point in the market, reflecting both its current challenges and active trading interest.