Tata Power Sees Surge in Active Put Options with 5,017 Contracts at ₹400 Strike

Tata Power Company Ltd has emerged as one of the most active stocks in the market today, particularly in the options segment, with a focus on put options. The underlying stock, TATAPOWER, has seen significant activity with 5,017 contracts traded at a strike price of 400, resulting in a turnover of approximately Rs 309.90 lakhs. The open interest stands at 2,513 contracts, indicating a robust interest in this option type.
In terms of performance, Tata Power has outperformed its sector by 1.47%, reflecting a positive trend as the stock has gained for three consecutive days, accumulating a total return of 3.31% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum.

However, it is noteworthy that investor participation has seen a decline, with delivery volume dropping by 26.82% compared to the 5-day average. Despite this, the stock remains liquid enough for trades, with a liquidity measure based on 2% of the 5-day average traded value indicating a trade size capacity of Rs 3.96 crore.

In summary, Tata Power Company Ltd is experiencing notable activity in the options market, with key performance indicators reflecting a solid position in the power industry.