Surge in Reliance Industries Call Options: 23,895 Contracts at Rs 1500 Strike Price

Reliance Industries Ltd, a prominent player in the oil industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, RELIANCE, is currently valued at Rs 1475.00. Notably, a significant number of call options were traded, with 23,895 contracts exchanged, resulting in a turnover of approximately Rs 1,707.30 lakhs. The options have a strike price of Rs 1500 and are set to expire on July 31, 2025, indicating a long-term outlook among traders.
Despite this activity, Reliance Industries has underperformed its sector by 0.44% today, continuing a downward trend with a 2.96% decline over the past three days. The stock reached an intraday low of Rs 1440.60, reflecting a 2.4% drop. In terms of moving averages, the stock is currently above its 100-day and 200-day averages but below its 5-day, 20-day, and 50-day averages, suggesting mixed short-term performance.

Investor participation has seen a rise, with delivery volumes reaching 79.31 lakhs on July 18, up by 9.74% compared to the 5-day average. The stock remains liquid, with a trade size of Rs 32.37 crore based on 2% of the 5-day average traded value. Overall, Reliance Industries continues to be a focal point in the market, reflecting both activity and challenges in its recent performance.