Tata Consultancy Services Sees Surge in Active Put Options as 1,658 Contracts Traded at Rs. 3000

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 put options. The company’s stock, currently valued at Rs. 2999.1, has seen significant activity with two notable put options set to expire on August 28, 2025.
The put option with a strike price of Rs. 2900 recorded 1,404 contracts traded, generating a turnover of Rs. 57.99 lakhs, while the Rs. 3000 strike price option saw 1,658 contracts traded, resulting in a turnover of Rs. 161.67 lakhs. The open interest for these options stands at 3,273 and 7,005 contracts, respectively, indicating a robust interest in these strike prices.

Today, TCS hit a new 52-week low of Rs. 2991.6 and has been on a downward trend, losing 4.61% over the past week. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a challenging performance. Additionally, the stock's liquidity remains adequate, with a delivery volume of 15.74 lakhs, although this represents a decline of 36.06% compared to the 5-day average.

In summary, TCS's recent activity in the options market, coupled with its current stock performance metrics, highlights a significant moment for the company amidst ongoing market fluctuations.