Tata Steel Ltd Sees Surge in Active Put Options with 3,961 Contracts Traded

Tata Steel Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, TATASTEEL, has seen significant activity with 3,961 contracts traded, resulting in a turnover of approximately Rs 596.65 lakhs. The put options have a strike price of Rs 160 and are set to expire on July 31, 2025, with an open interest of 1,433 contracts, indicating ongoing interest in this option.
In terms of performance, Tata Steel has outperformed its sector by 0.94%, reflecting a positive trend as the stock has gained 2.47% over the last two days. Today, it reached an intraday high of Rs 165.2, marking a 3.21% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum.

However, it is noteworthy that investor participation has declined, with delivery volume falling by 38.76% compared to the 5-day average. Despite this, Tata Steel remains liquid, with a trade size of Rs 8.48 crore based on 2% of the 5-day average traded value. The stock's one-day return stands at 2.18%, while the sector's return is at 1.33%, contrasting with a slight decline in the Sensex of 0.20%. Overall, Tata Steel's current activity in the options market and its recent performance metrics highlight its significant position within the ferrous metals industry.