Reliance Industries Ltd Sees Surge in Put Option Activity with 4,635 Contracts Traded

Reliance Industries Ltd has emerged as one of the most active stocks in the market today, particularly in the options segment, with a focus on put options. The underlying stock, RELIANCE, has seen significant activity with 4,635 contracts traded for puts expiring on April 24, 2025, at a strike price of Rs 1,200. This activity has generated a turnover of Rs 419.31 lakhs, while open interest stands at 5,357 contracts, indicating a robust interest in this option type.
In terms of performance, Reliance Industries has outperformed its sector by 0.68%, marking a consecutive gain over the last three days with a total return of 3.92% during this period. The stock reached an intraday high of Rs 1,217.5, reflecting a 2.71% increase. Currently, the stock's price is above its 5-day moving average but below the longer-term moving averages of 20, 50, 100, and 200 days.

Despite this positive performance, there has been a notable decline in investor participation, with delivery volume dropping by 38.07% compared to the 5-day average. However, the stock remains liquid enough for trading, with a trade size of Rs 38.57 crore based on 2% of the 5-day average traded value.

In summary, Reliance Industries Ltd is experiencing heightened activity in its put options, reflecting a complex interplay of market dynamics and investor behavior.