Reliance Industries Ltd Sees Surge in Active Put Options with 1,796 Contracts at Rs 1500 Strike

Reliance Industries Ltd, a prominent player in the oil industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company’s underlying stock, RELIANCE, is currently valued at Rs 1517.0. Notably, two put options with expiry dates set for July 31, 2025, have garnered significant attention.
The first put option, with a strike price of Rs 1520, saw 1,593 contracts traded, resulting in a turnover of Rs 197.35 lakhs and an open interest of 2,897 contracts. Meanwhile, the second put option, priced at Rs 1500, recorded 1,796 contracts traded, with a turnover of Rs 152.74 lakhs and an open interest of 6,044 contracts.

Today, Reliance Industries has shown performance in line with its sector, despite experiencing a consecutive decline over the past three days, resulting in a total return of -1.47%. The stock has traded within a narrow range of Rs 9.4 and remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average.

Investor participation has seen a rise, with a delivery volume of 56.02 lakhs on July 9, reflecting a 34.06% increase compared to the five-day average. The stock's liquidity remains robust, accommodating trade sizes of Rs 27.07 crores based on 2% of the five-day average traded value.

In summary, Reliance Industries Ltd continues to attract attention in the options market, particularly with its active put options, while navigating recent market fluctuations.