Surge in Reliance Industries Ltd Put Options: 1,241 Contracts at Rs 1,280 Strike Price

Reliance Industries Ltd, a prominent player in the oil exploration and refineries sector, has emerged as one of the most active stocks in today's trading session, particularly in the options market. The company’s put options, set to expire on April 24, 2025, have seen significant activity, with 1,241 contracts traded at a strike price of Rs 1,280. This has resulted in a turnover of Rs 1.7145 lakh and an open interest of 4,635 contracts, indicating a robust interest in these options.
Despite the heightened activity in the options market, Reliance Industries has underperformed its sector by 0.39% today, with a one-day return of -0.48%. The stock has traded within a narrow range of Rs 6.7, reflecting limited volatility. Currently, the underlying value stands at Rs 1,293.6, which is higher than the 5-day, 20-day, 50-day, and 100-day moving averages, but lower than the 200-day moving average.

Investor participation has shown signs of decline, with delivery volume dropping by 14.59% compared to the 5-day average. However, the stock remains liquid enough for trades, with a liquidity level based on 2% of the 5-day average traded value amounting to Rs 26.72 crore.

In summary, while Reliance Industries Ltd has seen notable activity in its put options, the stock's performance metrics indicate a cautious market environment.