Reliance Industries Ltd Sees Surge with 17,960 Active Call Contracts at Rs 1,500 Strike

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 17,960 call contracts traded, reflecting a turnover of Rs 1,497.864 lakhs. The options have an expiry date set for July 31, 2025, with a strike price of Rs 1,500. Open interest stands at 12,097 contracts, indicating a robust interest in these options.
In terms of price performance, Reliance Industries has experienced a slight decline of 0.13% today, which is in line with the sector's performance, as the oil industry overall saw a 0.25% drop. The stock has traded within a narrow range of Rs 6.5, following a trend reversal after two consecutive days of gains. Notably, the stock's current value is Rs 1,486.2, which is above the 50-day, 100-day, and 200-day moving averages, yet below the 5-day and 20-day moving averages.

Investor participation has been on the rise, with a delivery volume of 72.16 lakhs on July 16, marking a 14.03% increase compared to the 5-day average. The liquidity of the stock remains strong, accommodating a trade size of Rs 29.87 crores, based on 2% of the 5-day average traded value. Overall, Reliance Industries continues to be a focal point in the market, reflecting active trading dynamics amidst fluctuating performance metrics.