Surge in Reliance Industries Ltd Put Options: 30,142 Contracts at Rs 1450 Strike Active

Reliance Industries Ltd, a prominent player in the oil industry with a market capitalization of approximately Rs 19.57 lakh crore, has emerged as one of the most active stocks in the options market today. The focus has been on put options with an expiry date of June 26, 2025, reflecting significant trading activity across various strike prices.
Notably, the put option with a strike price of Rs 1450 saw the highest volume, with 30,142 contracts traded and a turnover of Rs 1,362.42 lakh. This was closely followed by the Rs 1440 strike price, which recorded 28,734 contracts and a turnover of Rs 936.73 lakh. Other active strike prices included Rs 1430, Rs 1420, and Rs 1460, with respective contract volumes of 21,083, 17,275, and 17,265.

The underlying value of Reliance shares stands at Rs 1,464.1. Despite a slight decline of 1.34% in the stock's one-day return, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. The stock has experienced a narrow trading range of Rs 12.8 today and has seen a notable increase in delivery volume, rising by 314.43% compared to the 5-day average.

In summary, Reliance Industries Ltd's put options are witnessing heightened activity, reflecting the market's focus on this large-cap stock amidst a backdrop of fluctuating performance metrics.