Surge in Reliance Industries Ltd Call Options: 13,517 Contracts at Rs 1,420 Strike Price

Reliance Industries Ltd has emerged as one of the most active stocks today, particularly in the options market. The company, a key player in the oil exploration and refineries sector, has seen significant trading activity in its call options, with 13,517 contracts traded at a strike price of Rs 1,420. This activity has generated a turnover of approximately Rs 1,783.52 lakhs, while the open interest stands at 8,111 contracts, indicating robust market engagement.
Today, Reliance's stock price is reported at Rs 1,414.5, reflecting a 0.57% increase, outperforming its sector, which saw a slight decline of 0.15%. Notably, this uptick follows two consecutive days of decline, marking a potential trend reversal. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day moving average.

Despite a decrease in delivery volume, which has fallen by 39.2% compared to the 5-day average, the stock maintains sufficient liquidity for trades around Rs 14.53 crore, representing 2% of the 5-day average traded value. With a market capitalization of Rs 19,13,491.10 crore, Reliance Industries continues to hold a significant position in the market. Overall, today's activity underscores the stock's dynamic presence in the financial landscape.