Surge in Reliance Industries Ltd Put Options: 1,589 Contracts at 1360 Strike Price Trade

Reliance Industries Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, a significant player in the oil industry with a market capitalization of Rs 18,46,370.06 crore, has seen notable trading activity in its put options set to expire on September 30, 2025.
Two key strike prices have attracted attention: the 1370 strike price, with 1,484 contracts traded and a turnover of Rs 206.20 lakh, and the 1360 strike price, where 1,589 contracts changed hands, resulting in a turnover of Rs 184.64 lakh. The open interest for these puts stands at 3,371 and 5,104, respectively, indicating a robust interest in these options.

The underlying value of Reliance shares is currently at Rs 1,364.8. Performance metrics reveal that the stock is inline with its sector today, although it has experienced a slight one-day return of -0.15%. Additionally, while the stock's moving averages are higher than the 200-day average, they remain lower than the 5-day, 20-day, 50-day, and 100-day averages. Notably, investor participation has declined, with delivery volume dropping by 35.38% compared to the 5-day average.

In summary, Reliance Industries Ltd's put options are witnessing significant trading activity, reflecting a complex interplay of market dynamics and investor behavior.