Surge in Reliance Industries Call Options: 17,930 Contracts at Rs 1,400 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 underlying stock, RELIANCE, has seen significant activity with 17,930 call contracts traded, reflecting a turnover of Rs 1,420.056 lakhs. The options have an expiry date set for September 30, 2025, with a strike price of Rs 1,400. Open interest stands at 25,446 contracts, indicating a robust interest in this particular option.
In terms of performance, Reliance Industries has outperformed its sector by 0.27%, with a 1-day return of 0.77%. The stock has traded within a narrow range of Rs 9.8 today, and its underlying value is currently at Rs 1,359.1. Notably, the stock is trading above its 5-day and 200-day moving averages, although it remains below the 20-day, 50-day, and 100-day moving averages.

Despite a slight decline in delivery volume, which has decreased by 0.01% against the 5-day average, the stock maintains sufficient liquidity for trades, with a size of Rs 35.78 crore based on 2% of the 5-day average traded value. Overall, Reliance Industries continues to demonstrate notable activity in the market, reflecting its significant position within the oil sector.