Surge in Reliance Industries Ltd Put Options: 7,475 Contracts at 1,310 Strike Price

Reliance Industries Ltd, a prominent player in the Oil Exploration and Refineries sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, RELIANCE, is currently valued at Rs 1,406.
Among the notable put options, the 29-May-2025 expiry date options have seen significant trading activity. The 1,310 strike price put option led the way with 7,475 contracts traded, generating a turnover of Rs 326.74 lakhs, while the 1,290 strike price option followed closely with 7,230 contracts and a turnover of Rs 234.32 lakhs. Other active strike prices included 1,250, 1,280, and 1,200, with respective contracts traded of 7,084, 5,700, and 6,977.

Despite this activity, Reliance Industries has underperformed its sector by 0.37% today, marking a trend reversal after two consecutive days of gains. The stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend. However, the one-day return stands at -0.34%, contrasting with a sector return of 0.55%.

Overall, the liquidity remains robust, with a delivery volume of 2.74 crore shares, reflecting a 173.93% increase against the 5-day average. This activity underscores the dynamic nature of Reliance Industries in the current market landscape.