Surge in Put Option Activity: Reliance Industries Sees 8,813 Contracts at Rs 1400 Strike

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 1395.2. Notably, two significant put options are drawing attention: one with a strike price of Rs 1380, set to expire on July 31, 2025, saw 7,985 contracts traded, resulting in a turnover of Rs 61.48 lakhs and an open interest of 662 contracts. The second put option, with a strike price of Rs 1400 and an expiry date of August 28, 2025, recorded 8,813 contracts traded, generating a turnover of Rs 1,445.33 lakhs and an open interest of 8,559 contracts.
Today’s performance indicates that Reliance Industries is inline with its sector, having gained after two consecutive days of decline. The stock has traded within a narrow range of Rs 8.7, and while it is above the 100-day and 200-day moving averages, it remains below the shorter-term moving averages. Investor participation has increased, with a delivery volume of 1.18 crore on July 31, reflecting a 64.5% rise compared to the five-day average. The liquidity remains robust, supporting a trade size of Rs 32.1 crore.

In summary, Reliance Industries Ltd is experiencing notable activity in its put options, reflecting a dynamic trading environment amidst a backdrop of fluctuating stock performance.