Surge in Active Call Options for Reliance Industries as 4,449 Contracts Trade at Rs 1,500

Reliance Industries Ltd, a prominent player in the Oil Exploration and Refineries sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, RELIANCE, is currently valued at Rs 1,422.
Two notable call options are drawing attention, both set to expire on May 29, 2025. The first option has a strike price of Rs 1,500, with 4,449 contracts traded and a turnover of Rs 147.81 lakhs, while the second option, with a strike price of Rs 1,450, saw 4,471 contracts traded and a turnover of Rs 435.61 lakhs. Open interest for these options stands at 7,223 and 6,787 contracts, respectively.

Despite its active trading, Reliance Industries has underperformed its sector by 0.57% today, marking a trend reversal after five consecutive days of gains. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend. However, delivery volume has decreased significantly, falling by 45.82% compared to the 5-day average, which may suggest a decline in investor participation.

In summary, Reliance Industries continues to be a focal point in the market, with significant options activity reflecting ongoing interest, despite recent performance challenges.