Surge in Put Options: Reliance Industries Sees 8,060 Contracts at Rs 1460 Strike

Reliance Industries Ltd, a prominent player in the oil industry, 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 1495.3. Notably, several put options with an expiry date of July 31, 2025, have seen significant trading activity.
The put option with a strike price of Rs 1500 recorded the highest volume, with 7,831 contracts traded and a turnover of Rs 1,364.16 lakhs. Following closely, the Rs 1460 strike price put option saw 8,060 contracts traded, generating a turnover of Rs 772.15 lakhs. Other notable strike prices include Rs 1400 and Rs 1450, with 6,309 and 6,394 contracts traded, respectively.

Despite a narrow trading range of Rs 12.1, Reliance Industries has shown resilience, gaining 3.46% over the last three days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trend. However, investor participation has seen a decline, with delivery volume dropping by 3.72% compared to the 5-day average.

Overall, Reliance Industries continues to demonstrate robust activity in the options market, reflecting its significant market position and liquidity, with a market cap of Rs 20,29,058.39 crore.