Surge in Put Options: 12,504 Contracts at Rs 1450 Strike for Reliance Industries Ltd

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 1445.7. Notably, the put options set to expire on July 31, 2025, have seen significant trading activity across various strike prices.
The most notable activity was observed in the put option with a strike price of Rs 1450, where 12,504 contracts were traded, resulting in a turnover of Rs 1,176.0012 lakhs and an open interest of 4,870 contracts. Other active strike prices included Rs 1400, with 10,048 contracts traded, and Rs 1420, which saw 8,674 contracts change hands.

Despite this activity, Reliance Industries has underperformed its sector by 0.58% today, with a one-day return of -2.15%. The stock has been on a downward trend, losing 2.73% over the past three days. It reached a day’s low of Rs 1437, while liquidity remains adequate for trading, with a delivery volume of 79.31 lakhs, reflecting a 9.74% increase against the five-day average.

In summary, Reliance Industries Ltd is witnessing heightened activity in its put options, indicating a notable interest in this segment, even as the stock faces recent challenges in performance.