Reliance Industries Ltd Sees Surge in Put Options: 21,945 Contracts at Rs 1400 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 1405.9. Notably, two put options with expiry on May 29, 2025, have garnered significant attention.
The put option with a strike price of Rs 1420 saw 15,017 contracts traded, resulting in a turnover of approximately Rs 2105.75 lakhs, while the option with a strike price of Rs 1400 recorded 21,945 contracts traded and a turnover of Rs 2239.59 lakhs. Open interest for these options stands at 4,732 and 9,674 contracts, respectively.

In terms of performance, Reliance Industries has underperformed its sector by 0.48% today, continuing a downward trend with a 2.26% decline over the past three days. The stock has traded within a narrow range of Rs 12.3 and has shown a one-day return of -0.17%. Despite being above the 20, 50, 100, and 200-day moving averages, it remains below the 5-day moving average, indicating mixed short-term momentum. Additionally, investor participation has decreased, with delivery volume falling by 39.2% compared to the five-day average.

In summary, Reliance Industries Ltd is experiencing notable activity in its put options, reflecting current market dynamics and investor behavior.