Surge in Active Call Options for Reliance Industries as 11,831 Contracts Trade at Rs 1500 Strike

Reliance Industries Ltd, a prominent player in the oil industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, RELIANCE, is currently valued at Rs 1495.3. Notably, two call options with expiry dates set for July 31, 2025, have garnered significant attention. The call option with a strike price of Rs 1500 saw 11,831 contracts traded, resulting in a turnover of Rs 1597.26 lakhs, while the Rs 1520 strike price option recorded 8,588 contracts traded and a turnover of Rs 767.78 lakhs.
Despite this activity, Reliance Industries has faced challenges, experiencing a consecutive decline over the past four days, with a total drop of 3.32% during this period. The stock's performance today aligns closely with the sector, which saw a 1.57% decline, while the Sensex fell by 0.72%.

In terms of liquidity, the stock remains robust, with a delivery volume of 52.07 lakhs on July 10, reflecting a 12.03% increase compared to the five-day average. Reliance Industries continues to trade above its 20, 50, 100, and 200-day moving averages, although it is currently below the five-day moving average. Overall, the activity surrounding Reliance Industries underscores its significant presence in the market, even amid recent performance challenges.