Surge in Active Put Options for Reliance Industries: 6,587 Contracts at Rs 1400 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 stock, currently valued at Rs 1417.2, has seen significant trading activity in various put options with expiry dates extending into 2025.
Notably, the put option with a strike price of Rs 1400 recorded the highest activity, with 6,587 contracts traded and a turnover of Rs 697.75 lakhs. Another put option at the same strike price but expiring on May 29, 2025, saw 8,393 contracts traded, contributing a turnover of Rs 18.04 lakhs. Additionally, the put option with a strike price of Rs 1420 had 4,778 contracts traded, resulting in a turnover of Rs 709.64 lakhs.

In terms of performance, Reliance Industries has outperformed its sector by 0.34% today, with a one-day return of 0.68%. The stock has been on a positive trajectory, gaining 1.07% over the past two days. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Furthermore, the stock's liquidity remains robust, with a delivery volume of 98.14 lakhs on May 29, reflecting a 91.5% increase compared to the 5-day average.

In summary, Reliance Industries Ltd is witnessing heightened activity in its put options, reflecting notable trading dynamics and a solid performance in the current market environment.