Tata Consultancy Services Ltd. Sees 12,676 Active Put Options at Rs 3,200 Strike

Tata Consultancy Services Ltd. (TCS), a prominent player in the IT software 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 3,255.00, with a notable focus on put options expiring on April 24, 2025, at a strike price of Rs 3,200.
Today, TCS saw a significant trading volume with 12,676 contracts traded, resulting in a turnover of Rs 614.47 lakhs. The open interest stands at 4,340 contracts, indicating a robust interest in these options.

In terms of performance, TCS has outperformed its sector by 0.7% today, marking a consecutive gain over the last two days with a total return of 1.1%. However, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a potential trend reversal.

Despite a decline in investor participation, with delivery volume dropping by 33.43% compared to the 5-day average, TCS maintains a high dividend yield of 3.82% and sufficient liquidity for trades up to Rs 34.78 crore.

In summary, TCS's activity in the options market reflects a complex interplay of market dynamics, with key metrics indicating both performance and investor behavior.