Reliance Industries Sees Surge in Active Put Options with 27,697 Contracts at Rs 1400 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 with its put options. The company’s underlying stock, RELIANCE, is currently valued at Rs 1398.
Notably, the put option with a strike price of Rs 1400 has seen the highest activity, with 27,697 contracts traded and a turnover of Rs 3096.52 lakhs. This is followed closely by the Rs 1420 strike price put, which recorded 17,720 contracts and a turnover of Rs 2644.71 lakhs. Other significant strike prices include Rs 1350, Rs 1300, and Rs 1410, with respective contracts traded of 15,489, 10,940, and 11,233.

The options are set to expire on May 29, 2025, and the open interest for these puts indicates a robust market engagement, with the highest open interest at the Rs 1400 strike price, totaling 9,568 contracts.

In terms of performance, Reliance Industries has shown a one-day return of -1.28%, slightly underperforming the sector's return of -1.15%. The stock remains liquid, with trading activity reflecting a delivery volume of 1.03 crore, although this has decreased by 21.25% compared to the five-day average. The stock's moving averages indicate it is performing higher than the 20, 50, 100, and 200-day averages, but lower than the 5-day average.

Overall, the activity in Reliance Industries' put options highlights significant trading interest, reflecting the dynamics of the current market environment.