Surge in Call Options: 21,366 Contracts for Reliance Industries at Rs 1,450 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 a notable 21,366 call contracts traded, reflecting a turnover of approximately Rs 2,569.26 lakhs. The options have an expiry date set for June 26, 2025, with a strike price of Rs 1,450.
Currently, the underlying value of Reliance Industries stands at Rs 1,443.00, indicating a strong market position. The stock has been on an upward trajectory, gaining 3.07% over the past four days, although it has traded within a narrow range of Rs 11.7 today. Performance metrics show that Reliance is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust trend.

Despite this positive performance, there has been a decline in investor participation, with delivery volume dropping by 20.75% compared to the 5-day average. Nevertheless, the stock remains liquid, with a trade size of Rs 30.44 crore based on 2% of the 5-day average traded value. Overall, Reliance Industries continues to demonstrate resilience in the market, maintaining its status as a key player in the oil sector.