Reliance Industries Sees Surge in Call Options: 5,847 Contracts at Rs 1440 Strike

Reliance Industries Ltd, a prominent player in the Oil Exploration and Refineries sector, 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 1427.9. Notably, several call options with an expiry date of May 29, 2025, have seen significant trading activity.
The call option with a strike price of Rs 1500 recorded 5,405 contracts traded, generating a turnover of Rs 157.63 lakhs and an open interest of 7,820 contracts. Similarly, the Rs 1440 strike price option saw 5,847 contracts traded, with a turnover of Rs 700.94 lakhs and an open interest of 11,757. The Rs 1450 strike price option was also active, with 6,716 contracts traded, resulting in a turnover of Rs 658.55 lakhs and an open interest of 14,119.

Despite this activity, Reliance Industries has underperformed its sector by 0.44% today, with a 1D return of -0.54%. However, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in terms of historical performance. The delivery volume has decreased by 26.2% compared to the 5-day average, reflecting a decline in investor participation. Overall, Reliance Industries continues to be a focal point in the market, showcasing notable trading dynamics amid fluctuating performance metrics.