Tata Power Company Ltd Sees Surge in Put Options with 5,900 Contracts at Rs 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 5,900 contracts traded at a strike price of Rs 400, resulting in a turnover of approximately Rs 837.53 lakhs. The open interest stands at 1,908 contracts, indicating a robust interest in this option type.
In terms of performance, Tata Power has outperformed its sector by 0.3%, with a one-day return of 0.28%. The stock has traded within a narrow range of Rs 3.05 today, reflecting stability amid market fluctuations. Notably, it is currently positioned above the 20-day, 50-day, 100-day, and 200-day moving averages, although it is slightly below the 5-day moving average.

Investor participation has also seen a notable increase, with a delivery volume of 37.44 lakhs on July 3, marking a rise of 108.7% compared to the 5-day average. The liquidity of Tata Power remains strong, accommodating trades of Rs 4.38 crore based on 2% of the 5-day average traded value.

In summary, Tata Power Company Ltd is witnessing heightened activity in its put options, reflecting a dynamic trading environment while maintaining a solid market position in the power industry.