Surge in Reliance Industries Ltd Put Options: 5,501 Contracts at Rs 1400 Strike Active

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 1437.7.
Notably, the put options expiring on May 29, 2025, have seen significant trading activity. The strike price of Rs 1400 led the pack with 5,501 contracts traded and a turnover of Rs 532.50 lakhs, while the Rs 1380 strike price followed closely with 3,269 contracts and a turnover of Rs 236.19 lakhs. Other notable strike prices include Rs 1350 with 2,756 contracts and Rs 1420 with 3,549 contracts traded, reflecting a robust interest in these options.

The stock has been performing well, gaining 10.11% over the last five days, and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a decline in investor participation, with delivery volume dropping by 11.24% compared to the 5-day average. Despite this, the liquidity remains strong, supporting a trade size of Rs 26.54 crores.

In summary, Reliance Industries Ltd is witnessing notable activity in its put options, driven by a combination of solid stock performance and significant trading volumes, while also facing a slight dip in investor participation.