Surge in Active Put Options for Reliance Industries: 23,508 Contracts at Rs 1,400 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 1,395.
Notably, the put options set to expire on May 29, 2025, have seen significant trading activity. The strike price of Rs 1,400 led the pack with 23,508 contracts traded, resulting in a turnover of Rs 3,508.569 lakhs and an open interest of 10,502 contracts. Other notable strike prices include Rs 1,350 with 8,842 contracts traded and Rs 1,390 with 9,085 contracts, reflecting a robust interest in hedging strategies among investors.

Performance metrics indicate that Reliance Industries has been gaining traction, with a 9.3% increase over the last four days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Additionally, the stock's liquidity remains healthy, with a delivery volume of 2.11 crore shares, up 55.74% compared to the 5-day average.

In summary, Reliance Industries Ltd is witnessing heightened activity in its put options, driven by significant trading volumes and a favorable performance trend, underscoring its position in the market.