Surge in Reliance Industries Ltd's Put Options: 7,118 Contracts Traded at Rs 1380 Strike

Reliance Industries Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, RELIANCE, is currently valued at Rs 1384.2, with a notable expiry date for the options set for September 30, 2025. The put option has a strike price of Rs 1380, and today, 7,118 contracts were traded, resulting in a turnover of Rs 333.83 lakhs. Open interest stands at 3,519 contracts, indicating a significant level of activity.
In terms of price performance, Reliance Industries has been experiencing a downward trend, having lost 2.29% over the last three days. Today's performance aligns with the sector, which saw a 1D return of -0.31%, while the stock itself recorded a 1D return of -0.50%. The stock has been trading within a narrow range of Rs 11.9, and while it remains above the 200-day moving average, it is below the shorter-term moving averages of 5, 20, 50, and 100 days.

Investor participation appears to be declining, with delivery volume on September 22 falling by 11% compared to the five-day average. However, the stock maintains adequate liquidity, with a trade size of Rs 28.11 crore based on 2% of the five-day average traded value. Overall, the activity in Reliance Industries' put options reflects the current market dynamics and investor behavior.