Surge in Active Put Options for Reliance Industries: 1,990 Contracts at Rs 1520 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 1520.7. Notably, two put options with expiry dates set for July 31, 2025, have garnered significant attention.
The first put option, with a strike price of Rs 1500, saw 1,745 contracts traded, resulting in a turnover of Rs 163.71 lakhs and an open interest of 5,653 contracts. Meanwhile, the second put option, with a strike price of Rs 1520, recorded 1,990 contracts traded, leading to a turnover of Rs 261.42 lakhs and an open interest of 2,902 contracts.

In terms of performance, Reliance Industries is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, the stock has experienced a slight one-day return of -0.49%, compared to a sector return of -0.33%. The stock has traded within a narrow range of Rs 9 today, reflecting a decrease in investor participation, with delivery volume falling by 3.57% against the 5-day average.

Overall, Reliance Industries continues to demonstrate liquidity, with a trading capacity sufficient for a trade size of Rs 33.76 crores, maintaining its position as a key player in the market.