Tata Motors Ltd. Sees Surge in Active Put Options with 5,191 Contracts at Rs 700 Strike

Tata Motors Ltd., a prominent player in the automobiles 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 710.95. Notably, two put options with expiry dates set for June 26, 2025, have attracted significant trading activity.
The put option with a strike price of Rs 710 saw 3,482 contracts traded, generating a turnover of approximately Rs 457.86 lakhs, while the option with a strike price of Rs 700 recorded 5,191 contracts traded, resulting in a turnover of around Rs 549.52 lakhs. The open interest for these options stands at 1,974 and 4,935 contracts, respectively, indicating a robust interest among traders.

In terms of performance, Tata Motors has underperformed its sector by 1.25% today, continuing a downward trend with a 1.94% decline over the past two days. The stock's one-day return is reported at -1.15%, contrasting with the sector's slight decline of -0.11%. Despite this, the stock remains liquid, with a delivery volume of 77.16 lakhs, which has increased by 90.79% compared to the five-day average.

Overall, Tata Motors continues to be a focal point in the market, reflecting notable activity in its put options amid a challenging trading environment.