Reliance Industries' Rs 1400 Call Options Surge with 16,664 Contracts Traded

Reliance Industries Ltd, a prominent player in the oil industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, RELIANCE, has seen significant activity with 16,664 call contracts traded, reflecting a turnover of approximately Rs 329.95 lakhs. The options have an expiry date set for September 30, 2025, with a strike price of Rs 1,400.
Despite this activity, the stock has underperformed its sector by 0.33% today, continuing a downward trend with a 2.72% decline over the past five days. The stock has traded within a narrow range of Rs 11.5, indicating limited volatility. Currently, the underlying value stands at Rs 1,377.4, which is higher than the 200-day moving average but lower than the 5-day, 20-day, 50-day, and 100-day moving averages.

Investor participation appears to be waning, as evidenced by a delivery volume of 33.43 lakhs on September 24, which has decreased by 43.91% compared to the five-day average. Nevertheless, the stock remains liquid enough for a trade size of Rs 29.85 crore, based on 2% of the five-day average traded value. In summary, while Reliance Industries Ltd shows notable options activity, it faces challenges in terms of performance and investor engagement.