Surge in Reliance Industries' Put Options: 2,333 Contracts at Rs 1400 Strike Active Today

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 the put options segment. Notably, two put options have garnered significant attention, with expiry dates set for 28-Aug-2025 and 31-Jul-2025, respectively.
The put option with a strike price of Rs 1400 saw 2,333 contracts traded, resulting in a turnover of Rs 412.12 lakhs and an open interest of 6,889 contracts. Meanwhile, the put option with a strike price of Rs 1380 recorded 2,960 contracts traded, with a turnover of Rs 39.52 lakhs and an open interest of 1,508 contracts. The underlying value for both options stands at Rs 1390.3.

In terms of price performance, Reliance Industries has experienced a decline of 1.97% over the last two days, with a one-day return of -1.50%. The stock has been trading within a narrow range of Rs 9.3 and is currently positioned higher than its 100-day and 200-day moving averages, but lower than its 5-day, 20-day, and 50-day moving averages. Additionally, investor participation has seen a decline, with delivery volume dropping by 45.84% compared to the 5-day average.

Overall, the activity in Reliance Industries' put options reflects a notable trend in the market, highlighting the stock's current performance dynamics amidst fluctuating investor engagement.