Surge in Reliance Industries' Put Options: 6,656 Contracts at Rs 1360 Strike Price

Reliance Industries Ltd, a prominent player in the oil industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, RELIANCE, is currently valued at Rs 1372.0. Notably, three put options with expiry on September 30, 2025, have seen significant trading activity.
The put option with a strike price of Rs 1360.0 recorded the highest volume, with 6,656 contracts traded and a turnover of Rs 712.86 lakhs. Following closely, the Rs 1370.0 strike price option saw 5,488 contracts traded, generating a turnover of Rs 712.89 lakhs. The Rs 1350.0 strike price option also attracted attention, with 5,283 contracts traded and a turnover of Rs 460.68 lakhs. Open interest figures indicate ongoing interest, with 5,123 contracts for the Rs 1360.0 strike, 3,494 for the Rs 1370.0 strike, and 4,049 for the Rs 1350.0 strike.

In terms of performance, Reliance Industries has experienced a slight decline of 0.34% today, contrasting with a sector return of -0.21%. The stock has traded within a narrow range of Rs 11.4 and has shown a trend reversal after two consecutive days of gains. Despite being above the 200-day moving average, it remains below the shorter-term moving averages. Additionally, investor participation has decreased, with delivery volume dropping by 41.29% compared to the five-day average.

Overall, Reliance Industries continues to be a focal point in the market, reflecting notable activity in its put options amid fluctuating performance metrics.