Surge in Call Option Activity for Reliance Industries: 4,029 Contracts at Rs 1,400 Strike

Reliance Industries Ltd, a prominent player in the oil industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The company’s underlying stock, RELIANCE, has seen a notable number of call options traded, with 4,029 contracts exchanged at a strike price of Rs 1,400, resulting in a turnover of Rs 570.51 lakhs. The open interest stands at 12,618 contracts, indicating a robust interest in this option.
In terms of price performance, Reliance Industries has experienced a slight decline of 0.65% today, which is in line with the sector's performance, as the oil sector overall has seen a decrease of 0.90%. The stock has traded within a narrow range of Rs 9.7, following a trend reversal after two consecutive days of gains. Currently, the stock's price is Rs 1,400.6, which is above its 5-day, 100-day, and 200-day moving averages, yet below its 20-day and 50-day moving averages.

Investor participation appears to be waning, with delivery volume dropping by 41.99% compared to the 5-day average. Nevertheless, the stock remains liquid enough for trades, with a size of Rs 35.92 crore based on 2% of the 5-day average traded value. Overall, Reliance Industries continues to be a focal point in the market, reflecting both its established position and the current trading dynamics.