Surge in Reliance Industries' Put Options: 5,400 Contracts at 1400 Strike Price Traded

Reliance Industries Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, a major player in the oil industry with a market capitalization of approximately Rs 19.51 lakh crore, has seen significant trading activity in its put options expiring on June 26, 2025.
The put option with a strike price of 1400 led the activity, with 5,400 contracts traded and a turnover of Rs 307.59 lakh. Following closely were the 1420 strike price puts, which recorded 4,876 contracts traded and a turnover of Rs 419.72 lakh. The 1430 and 1440 strike price puts also saw notable activity, with 3,345 and 3,987 contracts traded, respectively.

The underlying value of Reliance stock stands at Rs 1,442.40, and the open interest for these options indicates a robust interest among traders, particularly for the 1400 strike price with 5,166 contracts. Despite a slight decline in delivery volume, the stock has outperformed its sector by 0.32% today, marking a consecutive gain over the last two days with a total return of 2.65%. Reliance Industries continues to trade above its moving averages, reflecting a strong market position.

In summary, the heightened activity in Reliance's put options highlights the stock's current market dynamics, with significant trading volumes and open interest suggesting ongoing engagement from market participants.