Tata Steel Ltd Sees Surge in Active Call Options: 11,815 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 today, reflecting significant trading activity in its call options. The stock is currently trading at an underlying value of Rs 160.82, with notable call options expiring on May 29, 2025.
Among the most actively traded options, the call with a strike price of Rs 160.0 saw 11,815 contracts traded, generating a turnover of Rs 2,161.15 lakhs and an open interest of 4,471 contracts. The Rs 165.0 strike price option followed closely, with 8,809 contracts traded and a turnover of Rs 684.62 lakhs, while the Rs 162.5 strike price option recorded 6,746 contracts traded and a turnover of Rs 847.69 lakhs.

In terms of performance, Tata Steel has outperformed its sector by 1.15%, marking a consecutive gain over the last five days with a total return of 7.68%. The stock reached an intraday high of Rs 162.1, reflecting a 2.87% increase. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, it is worth noting that delivery volume has decreased by 47.14% compared to the 5-day average, suggesting a decline in investor participation.

Overall, Tata Steel's current trading activity and performance metrics highlight its robust position in the market, making it a focal point for traders today.