Surge in Put Option Activity for Reliance Industries with 4,193 Contracts at Rs 1400

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 1420.5. Notably, three put options with expiry on August 28, 2025, have seen significant trading activity.
The put option with a strike price of Rs 1400 recorded the highest volume, with 4,193 contracts traded and a turnover of Rs 196.44 lakhs, alongside an open interest of 9,644 contracts. Following closely, the Rs 1410 strike price put saw 3,450 contracts traded, generating a turnover of Rs 230.81 lakhs and an open interest of 3,651. The Rs 1420 put option also attracted attention, with 3,518 contracts traded and a turnover of Rs 324.18 lakhs, resulting in an open interest of 4,450.

In terms of performance, Reliance Industries has shown a slight decline of 0.18% today, aligning with sector trends. The stock has been trading within a narrow range of Rs 6.3 and remains above its 5-day, 20-day, 100-day, and 200-day moving averages, although it is below the 50-day moving average. The liquidity remains robust, with a delivery volume of 84.48 lakhs, reflecting a 31.98% increase compared to the 5-day average.

In summary, Reliance Industries Ltd's put options are witnessing notable activity, driven by substantial trading volumes and open interest, amidst a stable market position.