Surge in Reliance Industries Ltd Put Options: Over 20,000 Contracts at Rs 1420 Strike

Reliance Industries Ltd, a prominent player in the Oil Exploration and Refineries sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, RELIANCE, is currently valued at Rs 1418.
Notably, the put option with a strike price of Rs 1420 has seen the highest activity, with 20,439 contracts traded and a turnover of Rs 2911.54 lakhs. Following closely, the Rs 1400 strike price put option recorded 23,860 contracts traded, generating a turnover of Rs 2437.61 lakhs. Other significant put options include the Rs 1300 and Rs 1410 strike prices, with 9,977 and 9,327 contracts traded, respectively.

The expiry date for these options is set for May 29, 2025. Open interest figures indicate robust activity, with the Rs 1300 strike option showing 15,458 contracts and the Rs 1400 strike option at 10,922 contracts.

In terms of performance, Reliance Industries has been trading inline with its sector, experiencing a slight decline of 0.26% today. The stock has been trading within a narrow range of Rs 12.2 and remains above its moving averages across various time frames. However, there has been a notable decrease in investor participation, with delivery volume dropping by 43.72% compared to the five-day average.

In summary, Reliance Industries Ltd continues to attract significant attention in the options market, reflecting ongoing activity and interest in its put options.