Surge in Put Option Activity for Reliance Industries as 13,652 Contracts Hit Rs 1450 Strike

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 1439.5. Notably, the put options with expiry on June 26, 2025, have seen significant trading activity across various strike prices.
The put option with a strike price of Rs 1450 recorded the highest trading volume, with 13,652 contracts exchanged, resulting in a turnover of Rs 1350.18 lakhs. Following closely, the Rs 1440 strike price saw 11,986 contracts traded, generating a turnover of Rs 972.66 lakhs. The Rs 1420 strike price also attracted attention, with 10,901 contracts traded and a turnover of Rs 521.21 lakhs. Open interest figures indicate ongoing interest, with 4,558 contracts for the Rs 1420 strike, 3,628 for the Rs 1440 strike, and 4,452 for the Rs 1450 strike.

In terms of performance, Reliance Industries has underperformed its sector by 0.28% today, with a one-day return of -1.64%. The stock has been on a downward trend, losing 2.08% over the last two days. Despite trading within a narrow range of Rs 13.4, the stock remains above its 50, 100, and 200-day moving averages, although it is below the 5 and 20-day averages. Additionally, investor participation has decreased, with delivery volume dropping by 37.89% compared to the five-day average.

In summary, Reliance Industries Ltd is witnessing notable activity in its put options, reflecting a complex market environment as the stock navigates recent performance challenges.