Surge in Active Put Options: Reliance Industries Sees 22,490 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 1409.9. Notably, the put options set to expire on August 28, 2025, have seen significant trading activity across various strike prices.
The put option with a strike price of Rs 1400 recorded the highest trading volume, with 22,490 contracts traded and a turnover of Rs 692.69 lakhs. Following closely, the Rs 1410 strike price saw 17,156 contracts traded, contributing Rs 851.80 lakhs to the turnover. The Rs 1420 and Rs 1390 strike prices also demonstrated notable activity, with 13,957 and 11,351 contracts traded, respectively.

Despite the stock's performance today being inline with the sector, it has traded within a narrow range of Rs 7.3. The stock's moving averages indicate it is performing better than the 5-day, 20-day, 100-day, and 200-day averages, although it remains below the 50-day average. Additionally, the delivery volume has decreased significantly, falling by 48.72% against the 5-day average, indicating a decline in investor participation.

In summary, Reliance Industries Ltd's put options are attracting considerable attention, reflecting the dynamics of the current market environment without indicating future trends.