Surge in Reliance Industries' Put Options: 5,040 Contracts at Rs 1400 Strike Traded

Reliance Industries Ltd, a prominent player in the oil industry, 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 1413.9. Notably, the put options with an expiry date of May 29, 2025, have seen significant trading activity.
The put option with a strike price of Rs 1400 recorded the highest volume, with 5,040 contracts traded and a turnover of Rs 69.13 lakhs, alongside an open interest of 6,650 contracts. Following closely, the Rs 1410 strike price put option saw 5,344 contracts traded, generating a turnover of Rs 147.36 lakhs and an open interest of 1,611. The Rs 1420 strike price put option also attracted attention, with 3,919 contracts traded and a turnover of Rs 187.52 lakhs, while maintaining an open interest of 1,779.

In terms of performance, Reliance Industries has experienced a slight decline of 1.4% over the past two days, with a one-day return of -0.53%. The stock has been trading within a narrow range of Rs 8.6 and remains above its 50-day, 100-day, and 200-day moving averages, although it is below its 5-day and 20-day moving averages. The liquidity remains robust, with a delivery volume of 73 lakhs on May 27, reflecting a 38.09% increase compared to the 5-day average.

Overall, the activity in Reliance Industries' put options highlights the stock's current market dynamics, characterized by notable trading volumes and a stable underlying value amidst recent price fluctuations.