Reliance Industries Ltd Sees Surge with 38,821 Active Call Options at Rs 1,460 Strike

Reliance Industries Ltd has emerged as one of the most active stocks today, particularly in the options market. The company, a major player in the oil industry, has seen significant trading activity with 38,821 call contracts exchanged, reflecting a turnover of approximately Rs 1,399.50 lakhs. The options have an expiry date set for June 26, 2025, with a strike price of Rs 1,460, while the underlying value of the stock is currently at Rs 1,456.
Despite the notable trading volume, open interest stands at 6,249 contracts, indicating a moderate level of ongoing interest in these options. The stock has shown a performance today that is in line with its sector, with a 1D return of 0.80%, slightly outperforming the sector's return of 0.61% and the Sensex's return of 0.83%.

Reliance Industries is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price performance. However, it is worth noting that delivery volume has decreased significantly, falling by 61.63% compared to the 5-day average, with a total of 34.4 lakhs delivered on June 23. The stock remains liquid enough for trades of Rs 38.74 crore, based on 2% of the 5-day average traded value.

In summary, Reliance Industries Ltd continues to attract attention in the market, with active trading in its options reflecting ongoing interest in the stock's performance.