Reliance Industries Ltd Sees Surge in Put Options Activity with 12,184 Contracts at Rs 1400

Reliance Industries Ltd, a prominent player in the Oil Exploration and Refineries sector, has emerged as one of the most active stocks today, particularly in the options market. Notably, the company’s put options have garnered significant attention, with two key strike prices attracting substantial trading volumes.
For the put option with a strike price of Rs 1420, a total of 12,050 contracts were traded, resulting in a turnover of Rs 1,175.48 lakhs. This option has an open interest of 3,372 contracts, indicating ongoing interest among traders. Similarly, the put option at a strike price of Rs 1400 saw 12,184 contracts traded, with a turnover of Rs 791.96 lakhs and an open interest of 7,124 contracts. The underlying value for both options stands at Rs 1425.2.

In terms of performance, Reliance Industries is trading inline with its sector, despite a slight one-day return of -0.65%. The stock has maintained a position above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a stable trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 60.82% compared to the 5-day average.

Overall, Reliance Industries continues to demonstrate robust activity in the options market, with significant trading in put options reflecting the dynamics of investor sentiment and market conditions.