Reliance Industries Ltd Sees Surge with 31,183 Active Call Options at Rs 1420 Strike

Reliance Industries Ltd, a prominent player in the oil industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, RELIANCE, is currently valued at Rs 1425.0, with a notable call option expiring on July 31, 2025, at a strike price of Rs 1420.
Today, a significant 31,183 contracts were traded, resulting in a turnover of approximately Rs 2653.67 lakhs. The open interest stands at 5,423 contracts, indicating a robust engagement in this option.

In terms of price performance, Reliance Industries has shown a slight decline of 0.45% today, which is in line with the sector's performance, where the oil industry saw a 0.28% drop. The stock has traded within a narrow range of Rs 8.5, reflecting a stable trading environment. While the stock is currently above its 100-day and 200-day moving averages, it remains below the shorter-term 5-day, 20-day, and 50-day moving averages, suggesting mixed momentum.

Additionally, the delivery volume has decreased significantly, with a reported 60.82 lakh shares delivered on July 23, marking a 45.12% decline compared to the 5-day average. Despite this, the stock maintains sufficient liquidity for trades, with a capacity for a trade size of Rs 44.64 crore based on 2% of the 5-day average traded value.

In summary, Reliance Industries Ltd continues to attract attention in the market, reflecting both its established position and the current trading dynamics.