Reliance Industries Ltd Sees Surge in Call Options Activity with 5,286 Contracts at Rs 1400

Reliance Industries Ltd, a prominent player in the Oil Exploration and Refineries sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, RELIANCE, is currently valued at Rs 1394.8. Notably, two call options with expiry dates set for May 29, 2025, have garnered significant attention.
The call option with a strike price of Rs 1500 saw 3,576 contracts traded, resulting in a turnover of Rs 91.27 lakhs, while the option priced at Rs 1400 recorded 5,286 contracts traded with a turnover of Rs 918.77 lakhs. The open interest for these options stands at 7,490 and 15,597 contracts, respectively, indicating robust market activity.

Despite this heightened trading activity, Reliance Industries has underperformed its sector by 0.37% today, following a trend reversal after two consecutive days of gains. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive long-term trend. Additionally, the stock's liquidity remains strong, with a delivery volume of 2.74 crore on April 29, reflecting a 173.93% increase compared to the 5-day average.

In summary, Reliance Industries Ltd continues to attract significant trading interest, underscoring its position within the large-cap market, even as it navigates short-term fluctuations.