Tata Consultancy Services Ltd. Sees Surge in Active Put Options with 8,153 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, particularly in the put options segment. The company’s underlying stock is currently valued at Rs 3112.5, just 4.05% away from its 52-week low of Rs 2991.6.
Today, a total of 8,153 put contracts were traded with a turnover of approximately Rs 534.61 lakhs, indicating significant activity. The open interest stands at 5,463 contracts, reflecting ongoing interest in this option type, which has a strike price of Rs 3100 and an expiry date set for September 30, 2025.

In terms of price performance, TCS has shown a narrow trading range of Rs 19.9 today, with a one-day return of 0.07%. The stock's performance aligns closely with its sector, which recorded a 1D return of 0.08%. Notably, TCS is trading above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages.

Investor participation has seen a rise, with delivery volume increasing by 4.5% against the 5-day average, totaling 12.97 lakhs. The stock also boasts a high dividend yield of 4.08%, contributing to its liquidity, which is sufficient for trades sized at Rs 13.71 crore based on 2% of the 5-day average traded value.

In summary, Tata Consultancy Services Ltd. is experiencing notable activity in its put options, reflecting a dynamic trading environment while maintaining a solid market position within its industry.