Tata Steel Ltd Sees Surge in Put Options Activity with 14,104 Contracts at Rs 160 Strike

Tata Steel Ltd, a prominent player in the Ferrous Metals industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, TATASTEEL, is currently valued at Rs 167.83, just 1.94% shy of its 52-week high of Rs 170.18.
Today, notable activity was observed in several put options with an expiry date of September 30, 2025. The put option with a strike price of Rs 160.0 saw the highest trading volume, with 14,104 contracts traded and a turnover of Rs 1,667.80 lakhs. Following closely, the Rs 165.0 strike price put option recorded 9,342 contracts traded and a turnover of Rs 1,859.99 lakhs. Other significant strike prices included Rs 155.0, Rs 162.5, and Rs 150.0, with respective contracts traded of 7,609, 6,945, and 5,658.

Despite this activity, Tata Steel's stock performance today underperformed the sector by 0.35%, with a one-day return of -0.63%. The stock has recently experienced a trend reversal after four consecutive days of gains. However, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend. The liquidity remains robust, supporting a trade size of Rs 10.65 crores.

In summary, Tata Steel's put options are witnessing significant trading activity, reflecting a dynamic market environment, while the stock itself is navigating a slight downturn amidst broader market trends.