Tata Steel Ltd Sees Surge in Active Put Options with 2,318 Contracts at ₹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 the put options segment. The company’s underlying stock, TATASTEEL, has seen significant activity with 2,318 contracts traded for puts with a strike price of 160, reflecting a turnover of approximately Rs 430.92 lakhs. The open interest stands at 1,567 contracts, indicating a notable level of engagement among traders.
Despite this activity, Tata Steel has underperformed its sector by 1.02% today, continuing a downward trend with a cumulative decline of 4.07% over the past four days. The stock's current value is reported at Rs 159.23, which is higher than its 20-day, 50-day, 100-day, and 200-day moving averages, yet lower than the 5-day moving average.

Investor participation appears to be waning, with delivery volume dropping by 59.11% compared to the five-day average, totaling 67.87 lakhs on July 8. The stock remains liquid enough for trades sized at Rs 12.15 crore, based on 2% of the five-day average traded value.

In summary, while Tata Steel's put options are actively traded, the stock is currently facing challenges in performance and investor engagement.