Tech Mahindra Sees 2,860 Put Contracts Traded at 1,440 Strike Amid Bearish Trend

Tech Mahindra Ltd., 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, TECHM, is currently valued at Rs 1450.00, with a notable put option expiring on October 28, 2025, at a strike price of Rs 1440.
Today, 2,860 contracts of this put option were traded, resulting in a turnover of Rs 461.604 lakhs, while the open interest stands at 1,085 contracts. Despite this activity, Tech Mahindra has underperformed the sector by 1.92%, with a one-day return of -1.02%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend.

Investor participation has seen a rise, with a delivery volume of 744,000 shares on October 14, reflecting a 14.77% increase compared to the 5-day average. The stock also boasts a high dividend yield of 3.06%, and liquidity remains robust, accommodating trades up to Rs 3.72 crore based on 2% of the 5-day average traded value.

In summary, while Tech Mahindra's put options are actively traded, the stock's current performance metrics suggest challenges in the market landscape.