Surge in Put Options: Reliance Industries Sees 4,104 Contracts at Rs 1450 Strike Price

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 1447.7. Notably, two put options with expiry dates set for May 29, 2025, have garnered significant attention. The put option with a strike price of Rs 1440 saw 3,663 contracts traded, resulting in a turnover of Rs 243.22 lakhs, while the Rs 1450 strike price option recorded 4,104 contracts traded and a turnover of Rs 354.96 lakhs.
Despite these trading activities, Reliance Industries has underperformed its sector by 0.26% today, with a one-day return of -0.69%. The stock has experienced a trend reversal, falling after three consecutive days of gains, and has traded within a narrow range of Rs 7.2. Additionally, the stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend. However, investor participation has declined, with delivery volume dropping by 17.75% compared to the 5-day average. The liquidity remains adequate for trades, with a size of Rs 22.97 crore based on 2% of the 5-day average traded value.

In summary, while Reliance Industries Ltd has shown notable activity in the options market, the stock's recent performance reflects a complex interplay of trading dynamics and market conditions.