Surge in Reliance Industries Call Options: 13,207 Contracts Traded at Rs 1,420 Strike Price

Reliance Industries Ltd, a prominent player in the oil industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, RELIANCE, saw significant activity with 13,207 call contracts traded, resulting in a turnover of approximately Rs 2,355.30 lakhs. The options have an expiry date set for June 26, 2025, with a strike price of Rs 1,420, while the underlying value stands at Rs 1,421.60.
Despite this activity, Reliance Industries underperformed its sector by 0.3% today, with a 1-day return of -1.41%, compared to the sector's -1.02% and the Sensex's -0.67%. The stock has experienced a trend reversal, falling after two consecutive days of gains. Notably, it remains above the 50-day, 100-day, and 200-day moving averages, although it is trading below the 5-day and 20-day moving averages.

Investor participation has seen a rise, with a delivery volume of 84.24 lakhs on May 30, reflecting a 51.11% increase against the 5-day average delivery volume. The stock's liquidity remains robust, accommodating trade sizes of Rs 30.35 crore based on 2% of the 5-day average traded value. Overall, Reliance Industries continues to be a focal point in the market, reflecting both activity and volatility.