Tata Motors Ltd. Sees Surge in Put Options Activity with 21,673 Contracts at 620 Strike

Tata Motors Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, a key player in the automobiles - passenger cars industry, has seen significant trading activity in its put options set to expire on April 24, 2025.
Notably, the put option with a strike price of 620 has recorded the highest trading volume, with 21,673 contracts traded and a turnover of approximately Rs 1,410.41 lakhs. Following closely are the 600 strike price puts, which saw 17,051 contracts traded and a turnover of Rs 498.00 lakhs. The 610 and 630 strike price puts also demonstrated considerable activity, with 11,938 and 9,720 contracts traded, respectively.

The underlying value of Tata Motors is currently at Rs 622.2. Despite outperforming its sector by 0.38% today, the stock has experienced a slight decline of 0.37% in one-day returns, following two consecutive days of gains. The stock's performance is characterized by a trend reversal, with moving averages indicating it is higher than the 5-day average but lower than longer-term averages. Additionally, investor participation has seen a decline, with delivery volume dropping by 12.28% against the 5-day average.

In summary, Tata Motors' put options are witnessing heightened activity, reflecting the dynamics of the current market environment while the stock itself navigates a complex performance landscape.