Tata Motors Ltd. Sees Surge in Call Options with 6,506 Contracts 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 670.45. Notably, several call options with an expiry date of July 31, 2025, have seen significant trading activity.
The call option with a strike price of Rs 700 led the activity with 6,506 contracts traded, generating a turnover of Rs 31.75 lakhs and an open interest of 5,849 contracts. Following closely, the Rs 680 strike price option recorded 4,745 contracts traded and a turnover of Rs 101.35 lakhs, while the Rs 690 strike price option saw 4,815 contracts traded with a turnover of Rs 46.22 lakhs.

Despite this activity, Tata Motors has underperformed its sector by 2.98%, with the stock hitting an intraday low of Rs 665.25, reflecting a decline of 3.91%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, delivery volume has decreased by 25.21% compared to the 5-day average, suggesting a decline in investor participation.

In summary, while Tata Motors shows notable options trading activity, the stock's performance metrics indicate challenges in the current market environment.