Surge in Active Call Options for Reliance Industries with 4,593 Contracts 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. The stock, which has an underlying value of Rs 1394.4, saw a notable increase in call options, with 4,593 contracts traded, resulting in a turnover of approximately Rs 638.66 lakhs. The options have a strike price of Rs 1400 and are set to expire on August 28, 2025, indicating a strategic interest in the stock's future performance.
Today’s trading session marked a trend reversal for Reliance Industries, as the stock gained 0.33%, recovering after two consecutive days of decline. The stock has been trading within a narrow range of Rs 8.7, showcasing stability amidst market fluctuations. Notably, the stock's performance aligns with sector trends, outperforming the sector's average return of -0.28% and the Sensex's decline of -0.24%.

In terms of liquidity, Reliance Industries remains robust, with a delivery volume of 1.18 crore shares on July 31, reflecting a 64.5% increase compared to the five-day average. The stock's moving averages indicate it is currently above the 100-day and 200-day averages, yet below the shorter-term 5-day, 20-day, and 50-day averages, suggesting a mixed technical outlook. Overall, Reliance Industries continues to demonstrate significant market activity and investor engagement.