Tata Motors Ltd. Sees Surge in Put Options Activity: 8,821 Contracts at Rs 660 Strike

Tata Motors Ltd., a prominent player in the Automobiles - Passenger Cars sector, 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 670.2, has seen significant trading activity in its put options with two notable strike prices.
For the put option with a strike price of Rs 650, 5,386 contracts were traded, resulting in a turnover of Rs 365.83 lakhs and an open interest of 3,682 contracts. Meanwhile, the put option at a strike price of Rs 660 recorded even higher activity, with 8,821 contracts traded and a turnover of Rs 795.54 lakhs, alongside an open interest of 3,864 contracts.

Despite this activity, Tata Motors has underperformed the sector by 0.72% today, with the stock hitting an intraday low of Rs 654.3, reflecting a decline of 2.62%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Additionally, investor participation has decreased significantly, with delivery volume dropping by 54.63% compared to the 5-day average.

In summary, Tata Motors' put options are witnessing heightened activity, reflecting current market dynamics, while the stock itself is navigating a challenging trading environment.