Tata Steel Ltd Sees Surge in Put Option Activity with 5,141 Contracts at Rs 170

Tata Steel 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, TATASTEEL, has seen significant activity in its put options, with 5,141 contracts traded at a strike price of Rs 170. The turnover for these trades reached approximately Rs 825.64 lakhs, while the open interest stands at 1,527 contracts, indicating a robust engagement in this option type.
Today, Tata Steel reached a new 52-week high of Rs 172.5, reflecting a 2.87% increase during the trading session. The stock has shown a positive trend, gaining 2.61% over the past two days, and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, it is noteworthy that investor participation has declined, with delivery volume dropping by 46.74% compared to the 5-day average.

With a market capitalization of Rs 2,14,217.00 crore, Tata Steel operates within the ferrous metals industry, showcasing liquidity sufficient for trades around Rs 11.17 crore based on recent averages. The stock's performance today aligns well with sector trends, as it outperformed the Sensex, which recorded a 0.49% return. Overall, Tata Steel's activity in the options market and its recent price movements highlight its current market position without delving into future implications.