Tata Motors Sees 7,417 Contracts in Most Active 680 Strike Put Options

Tata Motors Ltd., a prominent player in the automobile industry, 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 690.25. Notably, several put options with an expiry date of September 30, 2025, have seen significant trading activity. The put option with a strike price of Rs 680 recorded the highest number of contracts traded at 7,417, generating a turnover of Rs 353.05 lakhs and an open interest of 4,037. Following closely, the Rs 690 strike price put saw 5,711 contracts traded, with a turnover of Rs 440.43 lakhs and an open interest of 2,888. The Rs 700 strike price option had 3,962 contracts traded, resulting in a turnover of Rs 475.44 lakhs, while the Rs 670 strike price option recorded 3,167 contracts traded and a turnover of Rs 79.30 lakhs. Despite this activity, Tata Motors underperformed its sector by 1.5% today, with a one-day return of -1.61%. The stock touched an intraday low of Rs 686.1, reflecting a decline of 2.17%. Additionally, the stock's liquidity remains robust, with a delivery volume of 49.19 lakhs, although this represents a 17.63% decrease compared to the five-day average. The stock is trading above its 50-day moving average but below its shorter-term moving averages. In summary, Tata Motors' put options are witnessing heightened activity, reflecting a notable interest in the stock amidst a challenging trading environment.