Reliance Industries Ltd Sees Surge in Active Put Options at Rs 1400 Strike

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 1436.9.
Notably, the put options expiring on May 29, 2025, have seen significant trading activity. The strike price of Rs 1400 recorded the highest volume with 21,621 contracts traded, generating a turnover of Rs 1399.96 lakhs and an open interest of 7,856 contracts. Following closely, the Rs 1300 strike price had 11,858 contracts traded, with a turnover of Rs 164.23 lakhs and an open interest of 11,378. The Rs 1420 strike price also saw robust activity, with 14,154 contracts traded and a turnover of Rs 1355.95 lakhs, alongside an open interest of 3,855.

Despite this activity, Reliance Industries underperformed its sector by 0.44% today, with a one-day return of -0.54%. 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. However, investor participation has declined, with delivery volume falling by 26.2% compared to the 5-day average. The stock remains liquid enough for trades sized at Rs 1.31 crore, reflecting its market cap of Rs 19,33,519.16 crore.

In summary, Reliance Industries Ltd continues to attract attention in the options market, particularly in put options, amidst a backdrop of fluctuating investor participation and market performance.