Reliance Industries Sees 5,994 Call Contracts at 1450 Strike, Boosting Turnover to Rs 246.05 Lakhs

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 valued at Rs 1448.2. Notably, several call options with an expiry date of October 28, 2025, have seen significant trading activity.
The call option with a strike price of Rs 1450 recorded the highest number of contracts traded at 5,994, generating a turnover of Rs 246.05 lakhs, while open interest stands at 3,696 contracts. Following closely, the Rs 1460 strike price option saw 5,132 contracts traded, with a turnover of Rs 129.07 lakhs and open interest of 6,830. The Rs 1470 strike price option also attracted attention, with 4,989 contracts traded and a turnover of Rs 76.33 lakhs, alongside an open interest of 4,370.

In terms of performance, Reliance Industries has shown resilience, gaining after two consecutive days of decline. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the delivery volume on October 23 reached 1.07 crore, reflecting a 28.23% increase compared to the 5-day average, suggesting rising investor participation. Overall, Reliance Industries continues to maintain a strong market position within the large-cap segment, with a market capitalization of Rs 19,59,501.50 crore.