Surge in Reliance Industries Ltd Put Options: 21,230 Contracts at Rs 1400 Strike Price

Reliance Industries Ltd, a prominent player in the Oil Exploration and Refineries sector, 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 1430.
Notably, the put options expiring on May 29, 2025, have seen significant trading activity. The strike price of Rs 1400 recorded the highest volume, with 21,230 contracts traded and a turnover of Rs 1994.56 lakhs. Following closely, the Rs 1420 strike price had 11,625 contracts traded, generating a turnover of Rs 1490.33 lakhs. The Rs 1380 strike price also saw considerable activity, with 9,161 contracts traded and a turnover of Rs 641.73 lakhs.

Despite this activity, Reliance Industries has underperformed its sector by 0.57% today, marking a trend reversal after five consecutive days of gains. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, investor participation has declined, with delivery volume dropping by 45.82% compared to the 5-day average. The stock's one-day return stands at -0.59%, while the sector and Sensex reported returns of -0.37% and -0.05%, respectively.

In summary, Reliance Industries Ltd is witnessing notable activity in its put options, reflecting a complex interplay of market dynamics and trading behavior.