Surge in Active Call Options for Reliance Industries with 8,384 Contracts at Rs 1400 Strike

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 1391.9. Notably, two call options with expiry dates set for July 31, 2025, have garnered significant attention. The call option with a strike price of Rs 1420 saw 6,948 contracts traded, resulting in a turnover of Rs 213.76 lakhs, while the Rs 1400 strike price option recorded 8,384 contracts traded and a turnover of Rs 595.76 lakhs.
Despite this activity, the stock has faced challenges, experiencing a decline of 1.76% over the past two days. It has traded within a narrow range of Rs 7.2 today. Performance metrics indicate that while the stock is above its 100-day and 200-day moving averages, it remains below the 5-day, 20-day, and 50-day moving averages. Additionally, investor participation appears to be waning, with a delivery volume of 1.03 crore on July 24, down 4.8% from the five-day average.

In summary, Reliance Industries Ltd continues to be a focal point in the market, reflecting both active trading in options and recent performance challenges.