Tata Power Sees 2,791 Contracts in 390 Strike Puts Amid Stock Decline

Tata Power Company Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, a significant player in the power industry with a market capitalization of Rs 1,25,257.31 crore, has seen notable trading activity in its put options expiring on November 25, 2025. Two key strike prices have attracted attention: the Rs 395 strike, with 2,224 contracts traded and a turnover of Rs 226.38 lakh, and the Rs 390 strike, which saw 2,791 contracts traded and a turnover of Rs 191.02 lakh. The open interest for these options stands at 1,353 and 1,883 contracts, respectively, indicating a robust interest in these positions. Despite this activity, Tata Power's stock has underperformed the sector by 0.91% today, marking a consecutive decline over the past two days with a total drop of 0.8%. The stock reached an intraday low of Rs 387.5, reflecting a decrease of 2.05%. While the stock's performance is currently below the 5-day, 20-day, and 100-day moving averages, it remains above the 50-day and 200-day moving averages. Investor participation has also seen a decline, with delivery volume falling by 16.58% compared to the 5-day average. However, the stock maintains sufficient liquidity for trades around Rs 3.94 crore, based on 2% of the 5-day average traded value. Overall, Tata Power's recent activity in the options market highlights a significant interest in its put options, amidst a backdrop of fluctuating stock performance.