Tata Motors Ltd. Sees Surge in Call Options with 6,279 Contracts Traded at Rs 740 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, has seen significant activity with 6,279 call contracts traded, reflecting a turnover of approximately Rs 488.50 lakhs. The options have a strike price of Rs 740 and are set to expire on May 29, 2025, with an open interest of 8,804 contracts, indicating robust market engagement.
In terms of performance, Tata Motors has outperformed its sector by 0.67% today, marking a consecutive gain over the last three days with a total return of 5.32% during this period. The stock has traded within a narrow range of Rs 7.1, showcasing stability amid market fluctuations. Currently, the underlying value stands at Rs 735.05, which is higher than the 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Despite a slight decline in delivery volume, which has decreased by 10.7% compared to the 5-day average, the stock maintains sufficient liquidity for trading, with a trade size of Rs 24.55 crore based on 2% of the 5-day average traded value. Overall, Tata Motors continues to demonstrate notable activity and resilience in the current market landscape.