Surge in Active Put Options for Reliance Industries: 33,869 Contracts at Rs 1440 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 1456.0. Notably, the put options with an expiry date of June 26, 2025, have seen significant trading activity across various strike prices.
The put option with a strike price of Rs 1440 recorded the highest volume, with 33,869 contracts traded and a turnover of Rs 905.99575 lakhs. Following closely, the Rs 1450 strike price saw 26,693 contracts traded, generating a turnover of Rs 1081.0665 lakhs. The Rs 1430 strike price also contributed with 18,879 contracts traded and a turnover of Rs 317.1672 lakhs. Open interest figures indicate ongoing interest, with 4,170 contracts for the Rs 1430 strike, 3,821 for the Rs 1450 strike, and 3,400 for the Rs 1440 strike.

In terms of performance, Reliance Industries has been trading inline with its sector, with a one-day return of 0.80%, slightly outperforming the sector's return of 0.61%. The stock has maintained a position above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 61.63% compared to the 5-day average.

Overall, the activity in Reliance Industries' put options reflects a dynamic trading environment, with substantial turnover and open interest across multiple strike prices, underscoring the stock's liquidity and market engagement.