Tata Steel's Call Options Surge: 4,283 Contracts at Rs 175 Strike Price Traded

Tata Steel Ltd has emerged as one of the most active stocks today, particularly in the options market. The company, a key player in the ferrous metals industry, saw significant activity in its call options, with 4,283 contracts traded for a turnover of Rs 810.34 lakhs. The options have an expiry date set for October 28, 2025, with a strike price of Rs 175. The underlying value of Tata Steel is currently at Rs 173.1, just 1.3% away from its 52-week high of Rs 174.44.
Today’s performance metrics indicate that Tata Steel has outperformed its sector by 1.95%, reversing a two-day decline. The stock reached an intraday high of Rs 173.17, reflecting a gain of 3.38% during the trading session. Additionally, Tata Steel is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

However, it is noteworthy that investor participation has decreased, with delivery volume falling by 25.08% compared to the 5-day average. Despite this, the stock remains liquid enough for a trade size of Rs 6.89 crore, based on 2% of the 5-day average traded value. Overall, Tata Steel's current activity highlights its robust market position within the large-cap segment of the ferrous metals industry.