Reliance Industries has emerged as one of the most active stock puts today amid market challenges.

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, particularly in put options. The company’s underlying stock, RELIANCE, is currently valued at Rs 1252.25.
Two notable put options are drawing attention, both set to expire on April 24, 2025. The first option has a strike price of Rs 1250, with 5,860 contracts traded and a turnover of Rs 572.81 lakhs. The second option, with a strike price of Rs 1260, saw 6,027 contracts traded, resulting in a turnover of Rs 699.39 lakhs. Open interest for these options stands at 2,769 and 2,756 contracts, respectively.

In terms of performance, Reliance Industries has underperformed its sector by 0.83% today, with a one-day return of -1.33%. The stock has been on a downward trend, losing 1.46% over the past two days. While it remains above the 20-day, 50-day, and 100-day moving averages, it is currently below the 5-day and 200-day moving averages. Additionally, investor participation has declined, with delivery volume falling by 12.16% compared to the five-day average.

Overall, Reliance Industries continues to be a focal point in the market, reflecting significant activity in its put options amid a challenging trading environment.