Reliance Industries Ltd Sees Surge in Active Put Options with 33,321 Contracts Traded

Reliance Industries Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, a significant player in the oil industry with a market capitalization of approximately Rs 19,19,174.74 crore, has seen notable trading activity in its put options with expiry set for July 31, 2025.
Two key strike prices have attracted attention: the Rs 1420 put option, which recorded 15,690 contracts traded and a turnover of Rs 1,026.126 lakh, and the Rs 1400 put option, with 17,631 contracts traded and a turnover of Rs 577.41525 lakh. The underlying stock value stands at Rs 1425.0, indicating a close proximity to the strike prices.

Despite the active trading, the stock's performance today has been inline with the sector, showing a one-day return of -0.45%, slightly underperforming the sector's -0.28% return. The stock has traded within a narrow range of Rs 8.5, and while it is above the 100-day and 200-day moving averages, it remains below the shorter-term moving averages. Notably, investor participation has declined, with delivery volume dropping by 45.12% compared to the five-day average.

In summary, Reliance Industries Ltd's put options are witnessing significant activity, reflecting current market dynamics while the stock itself navigates a challenging trading environment.