Tata Steel Ltd Sees Surge in Active Put Options, 1,913 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 trading activity with two notable put options set to expire on September 30, 2025.
The put option with a strike price of Rs 155 recorded 1,296 contracts traded, generating a turnover of Rs 99.79 lakhs and an open interest of 1,355 contracts. Meanwhile, the put option at a strike price of Rs 160 saw even higher activity, with 1,913 contracts traded and a turnover of Rs 314.59 lakhs, alongside an open interest of 1,517 contracts. The underlying value of Tata Steel stands at Rs 160.86.

In terms of performance, Tata Steel has outperformed its sector by 0.62% today, marking a consecutive gain over the last four days with a total return of 5.32% during this period. The stock reached an intraday high of Rs 162.07, reflecting a 2.32% increase. Additionally, Tata Steel is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Investor participation has also risen, with a delivery volume of 1.16 crore on September 2, up by 20.37% compared to the 5-day average. The stock's liquidity remains robust, accommodating trades of Rs 5.92 crore based on 2% of the 5-day average traded value.

In summary, Tata Steel's notable activity in the options market, coupled with its strong performance metrics, underscores its current market position without venturing into future predictions or recommendations.