Surge in Reliance Industries Call Options: 8,198 Contracts at Rs 1,300 Strike Price

Reliance Industries Ltd, a prominent player in the Oil Exploration and Refineries sector, has emerged as one of the most active stocks today. The company’s call options, set to expire on April 24, 2025, have garnered significant attention, with 8,198 contracts traded at a strike price of Rs 1,300. This activity has resulted in a turnover of Rs 253.14 lakhs and an open interest of 14,515 contracts, reflecting robust market engagement.
The underlying value of Reliance Industries is currently at Rs 1,301.5, indicating a slight uptick in performance. Today, the stock has shown a 1D return of 0.36%, which is in line with the sector's performance of 0.73% and the Sensex's return of 0.49%. The stock has traded within a narrow range of Rs 7.3, demonstrating stability amidst market fluctuations.

Notably, the stock's performance metrics reveal that it is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Additionally, delivery volume has increased significantly, with 95.99 lakhs traded on April 22, marking a 28.78% rise compared to the 5-day average. This liquidity suggests that Reliance Industries is well-positioned for trading activities, with a trade size liquidity threshold of Rs 28.07 crore.

In summary, Reliance Industries Ltd continues to attract attention in the market, driven by notable trading activity and solid performance indicators.