Surge in Reliance Industries Ltd Put Options: 3,664 Contracts at Rs 1410 Strike Price

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 1414.4. Notably, the put options with an expiry date of July 31, 2025, have seen significant trading activity.
The put option with a strike price of Rs 1420 recorded 2,305 contracts traded, resulting in a turnover of Rs 119.98 lakhs and an open interest of 2,376 contracts. Similarly, the Rs 1400 strike price saw 2,767 contracts traded, with a turnover of Rs 39.98 lakhs and an open interest of 3,548. The Rs 1410 strike price option was the most active, with 3,664 contracts traded and a turnover of Rs 114.44 lakhs, alongside an open interest of 1,651.

In terms of performance, Reliance Industries has been trading inline with its sector, with a narrow trading range of Rs 12.2. The stock is currently above its 5-day, 100-day, and 200-day moving averages, but below its 20-day and 50-day moving averages. However, there has been a decline in investor participation, with a delivery volume of 74.4 lakhs on July 29, down 20.39% from the 5-day average. The stock's one-day return stands at -0.06%, while the sector's return is -0.52%.

Overall, Reliance Industries continues to attract attention in the options market, reflecting its significant market position and ongoing trading activity.