Surge in Reliance Industries Ltd Put Options: 10,538 Contracts at Rs 1380 Strike Traded

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 the put options segment. The company’s underlying stock, RELIANCE, is currently valued at Rs 1366.2. Notably, two put options with expiry dates set for August 28, 2025, have attracted significant trading activity.
The put option with a strike price of Rs 1370 saw 9,275 contracts traded, resulting in a turnover of Rs 1,075.9 lakhs, while the option priced at Rs 1380 recorded 10,538 contracts traded, with a turnover of Rs 1,411.57 lakhs. The open interest for these options stands at 1,965 and 3,539 contracts, respectively, indicating a robust interest in these positions.

In terms of performance, Reliance Industries has shown a slight one-day return of -0.21%, contrasting with a sector return of 0.06% and a Sensex return of 0.04%. The stock's performance today aligns with sector trends, having gained after two consecutive days of decline. Despite being higher than the 200-day moving average, the stock remains below the 5-day, 20-day, 50-day, and 100-day moving averages. Additionally, the delivery volume has decreased by 5.31% compared to the five-day average, reflecting a decline in investor participation.

Overall, the trading activity in Reliance Industries' put options highlights a significant engagement in the options market, reflecting the stock's current market dynamics and investor behavior.