Surge in Reliance Industries' Put Options: 19,500 Contracts at Rs 1410 Strike Active Today

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 1414.2. Notably, the put options with an expiry date of May 29, 2025, have seen significant trading activity across various strike prices.
The put option with a strike price of Rs 1400 recorded the highest volume, with 19,421 contracts traded and a turnover of Rs 188.64 lakhs. Following closely, the Rs 1410 strike price saw 19,500 contracts traded, generating a turnover of Rs 413.06 lakhs. Additionally, the Rs 1420 strike price had 9,431 contracts traded, contributing Rs 415.36 lakhs to the turnover. The open interest for these options stands at 5,487 for the Rs 1400 strike, 1,710 for the Rs 1410 strike, and 1,803 for the Rs 1420 strike.

In terms of performance, Reliance Industries has shown a slight recovery today, gaining 0.15% after two consecutive days of decline. The stock has traded within a narrow range of Rs 8 and remains above its 50-day, 100-day, and 200-day moving averages, although it is below the 5-day and 20-day moving averages. Despite a decrease in investor participation, with delivery volume falling by 24.15% against the 5-day average, the stock maintains sufficient liquidity for trades of Rs 25.37 crore.

Overall, the activity in Reliance Industries' put options reflects a notable engagement in the market, highlighting the stock's current dynamics without venturing into future predictions.