Surge in Active Put Options: Reliance Industries Sees 3,940 Contracts at Rs 1390 Strike

Reliance Industries Ltd, a prominent player in the Oil Exploration and Refineries sector, 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 1380.3. Notably, several put options with an expiry date of May 29, 2025, have seen significant trading activity.
The put option with a strike price of Rs 1390 led the activity, with 3,940 contracts traded and a turnover of Rs 637.69 lakhs. Following closely, the strike price of Rs 1250 recorded 3,543 contracts traded and a turnover of Rs 70.68 lakhs. Other notable strike prices include Rs 1200, with 2,888 contracts and a turnover of Rs 32.92 lakhs, and Rs 1280, which saw 2,869 contracts traded for a turnover of Rs 83.34 lakhs.

Reliance Industries has shown a positive performance trend, gaining 6.44% over the last two days, and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's liquidity remains robust, with a delivery volume of 1.86 crore on April 28, reflecting a 143.13% increase compared to the 5-day average.

In summary, Reliance Industries Ltd is experiencing heightened activity in its put options, reflecting the dynamics of the current market environment while maintaining a solid performance trajectory.