Surge in Reliance Industries Ltd Put Options: 33,866 Contracts Traded at Rs 1460 Strike

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 the put options segment. The company’s underlying stock, RELIANCE, is currently valued at Rs 1465.5. Notably, a significant number of put contracts, totaling 33,866, have been traded, resulting in a turnover of approximately Rs 513.75 lakhs. The open interest stands at 4,569 contracts, indicating a robust interest in this option type, which expires on June 26, 2025, with a strike price set at Rs 1460.
In terms of performance, Reliance Industries has shown a consistent upward trend, gaining 1.65% over the past two days. The stock has been trading within a narrow range of Rs 9.9, and it is currently positioned above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume dropping by 46.12% compared to the 5-day average. Despite this, the stock remains liquid, with a trade size of Rs 43.36 crore based on 2% of the 5-day average traded value.

In summary, Reliance Industries Ltd is experiencing notable activity in its put options, reflecting a complex interplay of market dynamics and investor behavior.