Surge in Reliance Industries Ltd Put Options: 25,102 Contracts at Rs 1380 Strike Active Today

Reliance Industries Ltd, a prominent player in the oil industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, RELIANCE, is currently valued at Rs 1387.1. Notably, several put options with an expiry date of July 31, 2025, have seen significant trading activity.
The put option with a strike price of Rs 1380 recorded the highest volume, with 25,102 contracts traded and a turnover of Rs 668.97 lakhs. Following closely, the Rs 1390 strike price saw 20,761 contracts traded, generating a turnover of Rs 853.28 lakhs. The Rs 1400 strike price also attracted attention, with 20,453 contracts traded and a turnover of Rs 1243.54 lakhs. Open interest figures indicate ongoing interest, with 4,456 contracts for the Rs 1400 strike, 1,582 for the Rs 1390 strike, and 2,149 for the Rs 1380 strike.

In terms of performance, Reliance Industries has shown a 0.74% return today, slightly outperforming its sector's 0.62% return. The stock has gained after three consecutive days of decline, although it remains below its 5-day, 20-day, and 50-day moving averages. Investor participation has seen a decline, with delivery volume dropping by 55.86% compared to the 5-day average. Despite this, the stock maintains adequate liquidity for trading, with a market cap of Rs 18,77,359 crore, solidifying its position as a large-cap entity in the market. Overall, the activity in Reliance's put options reflects a notable engagement from traders amid fluctuating market conditions.