Surge in Reliance Industries Call Options: 4,280 Contracts at Rs 1520 Strike Traded

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 call options. The stock, currently valued at Rs 1516.9, has seen a notable increase of 4.72% over the past four days, aligning with sector performance.
Among the most actively traded options, the call option with a strike price of Rs 1520 led the way, with 4,280 contracts traded and a turnover of Rs 733.36 lakhs. This was closely followed by the Rs 1500 strike price option, which recorded 2,696 contracts and a turnover of Rs 618.70 lakhs. Other notable options included the Rs 1540 and Rs 1600 strike prices, with 2,780 and 3,019 contracts traded, respectively.

The open interest for these options indicates robust market engagement, with the Rs 1600 strike price option showing the highest open interest at 6,505 contracts. Despite a decline in delivery volume by 32.09% compared to the five-day average, the stock remains liquid enough for trades up to Rs 35.72 crore.

Overall, Reliance Industries continues to demonstrate strong performance metrics, trading above its moving averages across various time frames, while maintaining a solid market capitalization of Rs 20,51,657.61 crore.