Surge in Reliance Industries Call Options: 17,701 Contracts at Rs 1540 Strike Price

Reliance Industries Ltd, a prominent player in the oil industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The company’s underlying stock, RELIANCE, is currently valued at Rs 1540.5, just 4.6% shy of its 52-week high of Rs 1608.8.
Today, two notable call options have garnered attention. The first, with a strike price of Rs 1550, saw 13,505 contracts traded, resulting in a turnover of Rs 1544.814 lakhs and an open interest of 8,550 contracts. The second option, priced at Rs 1540, recorded 17,701 contracts traded, with a turnover of Rs 2469.6973 lakhs and an open interest of 4,331 contracts.

Despite a slight decline of 0.30% in the stock's 1-day return, it remains in line with sector performance, which saw a marginal drop of 0.15%. The stock has recently experienced a trend reversal after two consecutive days of gains, trading within a narrow range of Rs 6.2. Notably, Reliance Industries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust position in the market.

In summary, Reliance Industries Ltd continues to demonstrate significant trading activity, reflecting its strong market presence and liquidity, with a delivery volume increase of 7.24% against the 5-day average.