Surge in Reliance Industries Put Options: 11,760 Contracts at Rs 1440 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 1442.7. Notably, several put options with an expiry date of June 26, 2025, have seen significant trading activity.
The put option with a strike price of Rs 1400 led the activity, with 11,613 contracts traded and a turnover of Rs 602.13 lakhs. Following closely, the Rs 1440 strike price option recorded 11,760 contracts traded and a turnover of Rs 1304.18 lakhs. Other notable strike prices include Rs 1420 with 11,761 contracts and Rs 1450 with 8,664 contracts traded, indicating a robust interest in these options.

Despite the notable trading volume, Reliance Industries has experienced a slight decline of 0.24% in its one-day return, aligning with a broader sector performance that remained relatively stable. The stock has traded within a narrow range of Rs 6.7 and is currently above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong market position.

Overall, the heightened activity in put options for Reliance Industries underscores the ongoing dynamics within the stock, as investors navigate recent trends and market conditions.