Reliance Industries Sees Surge in Call Options with 12,594 Contracts at Rs 1420 Strike

Reliance Industries Ltd, a prominent player in the oil industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The stock, currently valued at Rs 1429.2, has seen a notable performance, outperforming its sector by 0.27%.
Among the most actively traded options, the call option with a strike price of Rs 1420 led the way, with 12,594 contracts traded and a turnover of Rs 1169.98 lakhs. Following closely, the Rs 1430 strike price option recorded 12,249 contracts traded, generating a turnover of Rs 844.57 lakhs. The Rs 1440 and Rs 1450 strike prices also saw substantial activity, with 7,771 and 6,062 contracts traded, respectively.

Despite the robust trading volume, the stock has exhibited a narrow trading range of Rs 10.6 today. It remains above its 5-day, 20-day, 100-day, and 200-day moving averages, although it is slightly below the 50-day moving average. Additionally, the delivery volume has decreased by 13% compared to the 5-day average, indicating a decline in investor participation.

Overall, Reliance Industries continues to attract attention in the market, showcasing a blend of strong trading activity and performance metrics that highlight its position within the oil sector.