Surge in Reliance Industries Ltd Put Options: 30,335 Contracts at Rs 1400 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 1402.8. Notably, the put options set to expire on July 31, 2025, have seen significant trading activity across various strike prices.
The most actively traded put option was at a strike price of Rs 1400, with 30,335 contracts exchanged, resulting in a turnover of approximately Rs 1672.98 lakhs and an open interest of 5,923 contracts. Other notable strike prices include Rs 1380, with 23,090 contracts traded and a turnover of Rs 669.61 lakhs, and Rs 1360, where 17,028 contracts were traded, generating a turnover of Rs 324.38 lakhs.

Despite the notable activity in the options market, Reliance Industries has faced a slight decline, with a one-day return of -0.33%, aligning closely with sector performance. The stock has been experiencing a consecutive fall over the past two days, with a total decline of -1.76%. The trading range has been narrow, with liquidity remaining adequate for trades around Rs 46 crore.

In summary, Reliance Industries Ltd's put options are witnessing heightened activity, reflecting the current market dynamics, while the stock itself is navigating a challenging period.