Tata Steel Sees 3,989 Contracts in 175.0 Strike Puts Ahead of Expiry

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 176.18. Notably, the put options with an expiry date of October 28, 2025, have seen significant trading activity across various strike prices.
The put option with a strike price of Rs 175.0 led the activity, with 3,989 contracts traded and a turnover of Rs 629.66 lakhs, while open interest stands at 1,767 contracts. Other notable strike prices include Rs 170.0, with 3,294 contracts traded and a turnover of Rs 250.01 lakhs, and Rs 172.5, which saw 2,293 contracts traded for a turnover of Rs 257.27 lakhs.

In terms of stock performance, Tata Steel has outperformed its sector by 1.68%, achieving a new 52-week high of Rs 177.8 today. The stock has gained 4.29% over the last three days, with a one-day return of 2.68%. Despite a decline in delivery volume by 22.96% compared to the five-day average, the stock remains liquid, suitable for trades up to Rs 8.59 crores.

Overall, Tata Steel's strong performance metrics and active options trading reflect its significant position in the market, underscoring the ongoing interest in its stock.