Surge in Active Call Options for Reliance Industries: 10,933 Contracts Traded at Rs 1,500 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, has seen significant activity with 10,933 call contracts traded, reflecting a turnover of Rs 1,244.469 lakhs. The options have an expiry date set for July 31, 2025, with a strike price of Rs 1,500. Open interest stands at 11,912 contracts, indicating a robust interest in this particular option.
In terms of price performance, Reliance Industries has been experiencing a downward trend, having lost 3.39% over the past five days. Today, the stock recorded a 1-day return of -0.68%, slightly underperforming compared to the sector's return of -0.41% and the Sensex's return of -0.48%. The stock has traded within a narrow range of Rs 12.2, and while it remains above its 20-day, 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day moving average.

Investor participation has shown signs of rising, with a delivery volume of 54.36 lakhs on July 11, marking an increase of 11.48% compared to the 5-day average. The liquidity of the stock remains favorable, accommodating a trade size of Rs 26.69 crore based on 2% of the 5-day average traded value. Overall, Reliance Industries continues to be a focal point in the market, reflecting both its established position and current trading dynamics.