Tata Consultancy Services Ltd. Sees Surge in Active Put Options with 5,762 Contracts Traded

Tata Consultancy Services Ltd. (TCS), a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks in the options market today. The company’s put options, set to expire on July 31, 2025, have seen significant trading activity, with 5,762 contracts exchanged at a turnover of approximately Rs 285.06 lakhs. The strike price for these puts is set at Rs 3,200, while the underlying stock is currently valued at Rs 3,218.5, indicating a close proximity to the strike level.
Despite outperforming its sector by 0.4% today, TCS has faced challenges, experiencing a consecutive decline over the past two days, resulting in a total return of -1.02%. The stock has traded within a narrow range of Rs 26, and it is currently positioned below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, investor participation has decreased, with a delivery volume of 19.16 lakhs on July 16, reflecting a drop of 27.03% compared to the 5-day average.

With a high dividend yield of 4.24% and sufficient liquidity for trades sized at Rs 27.55 crores, TCS continues to maintain a strong market presence despite recent fluctuations. Overall, the activity in TCS puts highlights the ongoing dynamics within the stock, reflecting both current performance and market sentiment.