Surge in Call Options: Reliance Industries Sees 7,920 Contracts at Rs 1,450 Strike

Reliance Industries Ltd, a prominent player in the Oil Exploration and Refineries sector, has emerged as one of the most active stocks today. The company’s underlying stock, RELIANCE, has seen significant trading activity, particularly in call options set to expire on May 29, 2025. Notably, 7,920 contracts were traded at a strike price of Rs 1,450, contributing to a turnover of approximately Rs 619.86 lakhs. The open interest stands at 11,537 contracts, indicating robust market engagement.
In terms of price performance, Reliance Industries has experienced a slight decline of 0.08% today, aligning closely with sector trends, which saw a modest gain of 0.20%. Over the past two days, the stock has faced a consecutive fall, recording a total drop of 0.76%. The stock has been trading within a narrow range of Rs 13.9, while it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a stable long-term trend.

Despite a decrease in investor participation, with delivery volume dropping by 43.72% compared to the 5-day average, the stock maintains sufficient liquidity for trades, with a capacity of Rs 17.95 crores based on 2% of the 5-day average traded value. Overall, Reliance Industries continues to be a focal point in the market, reflecting both its established position and current trading dynamics.