Surge in Reliance Industries' Put Options: 4,133 Contracts at Rs 1,420 Strike Active Today

Reliance Industries Ltd has emerged as one of the most active stocks in the options market today, particularly in the put option segment. The company, a major player in the oil industry with a market capitalization of approximately Rs 19,09,837.34 crore, has seen significant trading activity in its put options with expiry set for May 29, 2025.
Notably, the put option with a strike price of Rs 1,420 recorded 4,133 contracts traded, generating a turnover of Rs 354.70 lakhs and an open interest of 3,025 contracts. Meanwhile, the put option at a strike price of Rs 1,400 saw even higher activity, with 4,266 contracts traded and a turnover of Rs 211.55 lakhs, alongside an open interest of 7,897 contracts. The underlying value of Reliance shares stands at Rs 1,411.50.

In terms of performance, the stock has been trading inline with its sector, albeit with a narrow range of Rs 11.1. It is currently positioned above its 20-day, 50-day, 100-day, and 200-day moving averages, but below the 5-day moving average. The stock's one-day return is recorded at -1.25%, slightly underperforming the sector's return of -1.24% and the Sensex's return of -0.85%. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 45.79% compared to the five-day average.

Overall, the trading activity in Reliance Industries' put options reflects a significant engagement in the options market, highlighting the stock's current dynamics without venturing into future implications.