Tata Steel Ltd Sees Surge in Active Put Options with 6,130 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 the put options segment. The company’s underlying stock, TATASTEEL, has seen significant activity with 6,130 put contracts traded at a strike price of Rs 160, resulting in a turnover of approximately Rs 850.03 lakhs. The open interest stands at 1,505 contracts, indicating ongoing interest in this option.
Today, Tata Steel's stock has outperformed its sector by 0.84%, reflecting a positive trend as it has gained 7% over the past five days. The stock reached an intraday high of Rs 162.1, marking a 2.87% increase. Notably, Tata Steel is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum.

However, there has been a decline in investor participation, with delivery volume dropping by 47.14% compared to the 5-day average. Despite this, the stock remains liquid, with a trade size of Rs 11.29 crores based on 2% of the 5-day average traded value. The one-day return for Tata Steel stands at 1.64%, while the sector and Sensex recorded returns of 0.50% and -0.05%, respectively. Overall, Tata Steel's current performance highlights its active presence in the market amid fluctuating investor engagement.