Surge in Reliance Industries Ltd Put Options: 4,851 Contracts at ₹1,440 Strike Price

Reliance Industries Ltd, a prominent player in the oil industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options, set to expire on June 26, 2025, have seen significant trading activity across various strike prices.
Notably, the put option with a strike price of 1440 recorded the highest number of contracts traded at 4,851, generating a turnover of approximately Rs 343.52 lakhs and an open interest of 3,602. Following closely, the 1420 strike price option saw 3,076 contracts traded, with a turnover of Rs 137.75 lakhs and an open interest of 4,475. Other notable strike prices include 1400, 1430, and 1470, with respective contract trades of 3,441, 3,003, and 1,854.

The underlying value of Reliance shares is currently at Rs 1,461.9, reflecting a 1.63% one-day return, slightly outperforming the sector's return of 1.60%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, investor participation has seen a decline, with delivery volume dropping by 21.31% compared to the 5-day average.

In summary, Reliance Industries Ltd is experiencing notable activity in its put options, driven by substantial trading volumes and a solid market position, while also reflecting a mixed trend in investor participation.