Tata Power Company Ltd Sees Surge in Active Put Options with 3,041 Contracts at 390 Strike

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 key player in the power generation and distribution industry, has seen significant trading activity in its put options with expiry set for May 29, 2025.
Notably, the put option with a strike price of 400 recorded 2,883 contracts traded, generating a turnover of approximately Rs 455.07 lakhs, while the 390 strike price option saw 3,041 contracts traded with a turnover of around Rs 285.18 lakhs. The underlying value of Tata Power stands at Rs 397.1, reflecting its current market position.

In terms of performance, Tata Power has outperformed its sector by 0.32% today, with a one-day return of 0.10%. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Investor participation has also increased, with a delivery volume of 46.05 lakhs on May 14, marking a 49.17% rise compared to the 5-day average.

Overall, Tata Power's robust trading activity in put options and its performance metrics highlight its significant presence in the market, reflecting ongoing interest in its stock.