Tata Steel's Rs 170 Puts Surge with 4,172 Contracts Traded Amid 5.53% Decline

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, is currently valued at Rs 171.45, with a notable focus on put options expiring on November 25, 2025, at a strike price of Rs 170. Today, 4,172 contracts were traded, resulting in a turnover of Rs 415.32 lakhs, while the open interest stands at 2,825 contracts.
In terms of performance, Tata Steel has been experiencing a consecutive decline, losing 5.53% over the past six days. Today's performance aligns with the sector, which saw a 1D return of -0.86%, while Tata Steel recorded a 1D return of -1.07%. The stock's moving averages indicate that it is currently higher than the 100-day and 200-day averages but lower than the 5-day, 20-day, and 50-day averages.

Investor participation appears to be rising, with a delivery volume of 1.47 crore on November 17, reflecting a 12.74% increase compared to the 5-day average. The liquidity of Tata Steel remains robust, accommodating trade sizes of Rs 13.5 crore based on 2% of the 5-day average traded value.

In summary, Tata Steel's activity in the options market, coupled with its recent performance trends, highlights the stock's current dynamics within the ferrous metals industry.