Reliance Industries Sees 5,169 Call Contracts at Rs 1500 Strike Price Amid Active Trading

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 underlying stock, RELIANCE, is currently trading at Rs 1492.8, just 3.78% shy of its 52-week high of Rs 1551. Today, a significant number of call options were traded, with 5,169 contracts exchanged at a strike price of Rs 1500, resulting in a turnover of Rs 504.49 lakhs. The open interest for these options stands at 21,731 contracts, indicating a robust interest among traders. In terms of performance, Reliance Industries is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend. The stock's one-day return is recorded at 0.99%, which is slightly below the sector's return of 1.05% and above the Sensex's return of 0.29%. Despite a decline in delivery volume by 10.35% compared to the 5-day average, the stock remains liquid, with a trade size of Rs 32.42 crore based on 2% of the 5-day average traded value. Overall, Reliance Industries continues to demonstrate notable activity and resilience in the market.