Surge in Reliance Industries Call Options: 15,855 Contracts at Rs 1,500 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 call options, set to expire on July 31, 2025, have seen significant trading activity, with 15,855 contracts traded at a strike price of Rs 1,500. This has resulted in a turnover of approximately Rs 1,117.78 lakhs, while the open interest stands at 14,229 contracts, indicating a robust interest in this option.
The underlying value of Reliance Industries is currently at Rs 1,474.20. Despite this activity, the stock has faced challenges, experiencing a consecutive decline over the past two days, with a total drop of 0.72%. In terms of performance metrics, the stock's 1-day return is recorded at -0.11%, slightly better than the sector's return of -0.16% and the Sensex's decline of -0.58%.

Reliance Industries maintains a strong market position with a market capitalization of Rs 19,95,768.51 crore, classifying it as a large-cap stock. The stock's liquidity remains favorable, with a delivery volume of 80.89 lakhs on July 17, reflecting a 21.63% increase compared to the 5-day average. Notably, while the stock is trading above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages. This combination of factors paints a complex picture of Reliance Industries' current market dynamics.