Surge in Reliance Industries Call Options: 16,090 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 significant player in the oil industry, has seen a notable uptick in trading activity, with 16,090 call contracts traded at a strike price of Rs 1,420, resulting in a turnover of approximately Rs 1,339.49 lakhs. The underlying value of the stock stands at Rs 1,420.7, reflecting its current market position.
Today, Reliance Industries outperformed its sector by 0.25%, marking a trend reversal after four consecutive days of decline. The stock has traded within a narrow range of Rs 11.6, indicating a period of consolidation. Performance metrics reveal that while the stock is currently above its 100-day and 200-day moving averages, it remains below the 5-day, 20-day, and 50-day moving averages.

Investor participation has also increased, with a delivery volume of 1.64 crore shares on July 22, representing an 84.31% rise compared to the 5-day average. The stock's liquidity remains robust, accommodating a trade size of Rs 45.87 crore, based on 2% of the 5-day average traded value. Overall, Reliance Industries continues to demonstrate significant activity and resilience in the market.