Tata Power's Put Options Surge: 2,611 Contracts at Rs 400 Strike Signal Market Interest

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, operating within the power industry and classified as a large-cap entity with a market capitalization of Rs 1,27,174.51 crore, has seen significant trading activity in its put options with expiry set for July 31, 2025.
Notably, the put option with a strike price of Rs 400 recorded 2,611 contracts traded, generating a turnover of Rs 385.87 lakh and an open interest of 1,768 contracts. Meanwhile, the put option with a strike price of Rs 390 also saw considerable activity, with 1,464 contracts traded and a turnover of Rs 134.10 lakh, alongside an open interest of 1,106 contracts. The underlying value of Tata Power stands at Rs 398.3.

In terms of performance, Tata Power has underperformed its sector by 1.47%, with a one-day return of -2.13%. The stock reached an intraday low of Rs 397.1, reflecting a decline of 2.35%. Despite this, it remains above its 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day and 20-day moving averages. Additionally, the stock's liquidity remains adequate for trades around Rs 3.61 crore, despite a notable drop in delivery volume, which has decreased by 35.36% compared to the 5-day average.

In summary, Tata Power's put options are witnessing heightened activity, reflecting the current market dynamics and investor behavior surrounding the stock.