Reliance Industries Ltd Sees Surge in Active Put Options with 21,045 Contracts at Rs 1,280

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. Notably, the company’s put options have garnered significant attention, particularly those set to expire on April 24, 2025.
The put option with a strike price of Rs 1,290 saw 16,540 contracts traded, resulting in a turnover of Rs 634.31 lakhs, while the option with a strike price of Rs 1,280 recorded 21,045 contracts traded, contributing to a turnover of Rs 346.19 lakhs. The underlying value for both options stands at Rs 1,288.5, with open interest figures of 1,683 and 3,504 contracts, respectively.

In terms of performance, Reliance Industries has shown a one-day return of 0.25%, aligning closely with the sector's return of 0.73% and the Sensex's return of 0.49%. The stock has traded within a narrow range of Rs 7.3 today and is currently positioned above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Investor participation has also seen a rise, with a delivery volume of 95.99 lakhs on April 22, reflecting a 28.78% increase compared to the 5-day average. The liquidity remains robust, supporting a trade size of Rs 28.07 crores, indicative of the stock's active trading environment.

In summary, Reliance Industries Ltd continues to attract attention in the options market, reflecting its significant market presence and ongoing investor engagement.