Surge in Reliance Industries' Put Options: 2,739 Contracts at Rs 1540 Strike Price

Reliance Industries Ltd has emerged as one of the most active stocks in the market today, particularly in the options segment, with a focus on put options. The underlying stock, RELIANCE, is currently valued at Rs 1547.1, just 4.2% shy of its 52-week high of Rs 1608.8.
Today, a total of 2,739 put contracts were traded, generating a turnover of approximately Rs 300.61 lakhs. The open interest for these put options stands at 2,123 contracts, indicating a significant level of activity and interest among traders. The strike price for these puts is set at Rs 1540, reflecting the current market dynamics.

In terms of performance, Reliance Industries is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. However, there has been a noted decline in investor participation, with delivery volume dropping by 6.88% compared to the 5-day average. The stock has shown a one-day return of 0.57%, outperforming the sector's return of 0.20% and the Sensex's marginal gain of 0.01%.

Overall, Reliance Industries continues to demonstrate robust trading activity, particularly in the options market, while maintaining a solid market position within the oil industry.