Surge in Reliance Industries Ltd Put Options: 20,694 Contracts at Rs 1400 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 put options. The company’s underlying stock, RELIANCE, is currently valued at Rs 1392.4. Notably, several put options with an expiry date of July 31, 2025, have seen significant trading activity.
The put option with a strike price of Rs 1400 recorded the highest trading volume, with 20,694 contracts traded and a turnover of Rs 1568.61 lakhs. Following closely, the Rs 1380 strike price option also saw 20,694 contracts traded, generating a turnover of Rs 780.16 lakhs. Other notable strike prices include Rs 1360 and Rs 1370, with 14,959 and 13,800 contracts traded, respectively.

Despite a recent trend reversal, where the stock gained after two consecutive days of decline, it remains positioned above its 100-day and 200-day moving averages, although it is below the shorter-term moving averages. The stock's liquidity remains robust, with a delivery volume of 88.33 lakhs, despite a decline of 21.87% compared to the five-day average.

In summary, Reliance Industries Ltd continues to attract attention in the options market, reflecting active trading dynamics and a notable presence in the oil sector.