Tata Motors Sees 3,577 Active Call Contracts at 700 Strike Price Amid Strong Engagement

Tata Motors Ltd., a prominent player in the automobiles sector, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The company’s underlying stock, TATAMOTORS, is currently valued at Rs 688.5. Notably, two call options with expiry dates set for October 28, 2025, have garnered considerable attention. The call option with a strike price of Rs 690 saw 2,879 contracts traded, resulting in a turnover of Rs 421.26 lakhs, while the Rs 700 strike price option recorded 3,577 contracts traded and a turnover of Rs 402.05 lakhs.
The open interest for the Rs 690 strike stands at 2,041 contracts, whereas the Rs 700 strike has a more substantial open interest of 7,218 contracts, indicating robust market engagement. Performance metrics reveal that Tata Motors has outperformed its sector by 0.38% today, with a 1.04% return compared to the Sensex's 0.23% and the sector's 0.45%. The stock has shown a consecutive gain over the last two days, rising by 2.01%.

Additionally, Tata Motors' liquidity remains strong, with a delivery volume of 68.01 lakhs, reflecting a 4.2% increase against the five-day average. The stock is trading above its 5-day and 50-day moving averages, although it remains below the 20-day, 100-day, and 200-day moving averages. Overall, Tata Motors continues to demonstrate notable activity and resilience in the current market landscape.