Surge in Reliance Industries' Put Options: 21,896 Contracts at Rs 1420 Strike Price

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 1424.3. Notably, the put options with an expiry date of August 28, 2025, have seen significant trading activity.
The put option with a strike price of Rs 1420 recorded the highest volume, with 21,896 contracts traded and a turnover of Rs 1174.72 lakhs, alongside an open interest of 4,492 contracts. Following closely, the Rs 1400 strike price put option saw 21,267 contracts traded, generating a turnover of Rs 489.14 lakhs and an open interest of 6,984. The Rs 1430 strike price put option also contributed to the activity, with 13,172 contracts traded and a turnover of Rs 1003.71 lakhs, reflecting an open interest of 1,991.

In terms of performance, Reliance Industries has shown a one-day return of -0.44%, slightly underperforming the sector's return of -0.41%. The stock has traded within a narrow range of Rs 8.4 today and remains liquid enough for a trade size of Rs 32 crore, based on 2% of the five-day average traded value. The stock's moving averages indicate it is performing higher than the 5-day, 20-day, 100-day, and 200-day averages, yet lower than the 50-day average.

Overall, the activity in Reliance Industries' put options highlights a notable engagement in the options market, reflecting the dynamics of investor participation and liquidity in the current trading environment.