Reliance Industries Sees Surge in Put Activity: 1,985 Contracts at Rs 1,380 Strike Price

Reliance Industries Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, RELIANCE, has seen significant activity with 1,985 contracts traded for puts with a strike price of Rs 1,380, reflecting a turnover of approximately Rs 138.65 lakhs. The open interest for these puts stands at 5,467 contracts, indicating a robust interest among traders.
In terms of performance, Reliance Industries has been gaining traction, recording a 0.77% increase over the past three days. Today's trading has been inline with the sector, with a one-day return of 0.37%, outperforming the sector's return of 0.28% and the Sensex's return of 0.15%. The stock has traded within a narrow range of Rs 7.7, and its current underlying value is Rs 1,391.

Reliance's moving averages indicate that the stock is performing higher than its 5-day, 20-day, and 200-day averages, although it remains below the 50-day and 100-day averages. However, there has been a noted decline in investor participation, with delivery volume dropping by 15.57% compared to the 5-day average. Despite this, the stock maintains sufficient liquidity for trading, with a trade size of Rs 23.31 crore based on 2% of the 5-day average traded value.

In summary, Reliance Industries Ltd continues to attract attention in the options market, with notable put activity and a steady performance in the oil industry.