Surge in Put Option Activity: 8,735 Contracts at Rs 1520 Strike for Reliance Industries

Reliance Industries Ltd has emerged as one of the most active stocks in the market today, particularly in the options segment, with a focus on put options. The underlying stock, RELIANCE, is currently valued at Rs 1524.7, just 4.85% shy of its 52-week high of Rs 1608.8.
Today, a total of 8,735 put contracts were traded, generating a turnover of approximately Rs 1,126.43 lakhs. The strike price for these puts is set at Rs 1520, with an open interest of 3,471 contracts, indicating a significant level of activity and interest among traders.

In terms of performance, Reliance Industries has shown a consistent upward trend, gaining 1.09% over the last two days. The stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong bullish sentiment. However, there has been a noted decline in investor participation, with delivery volume dropping by 20.25% compared to the 5-day average.

Overall, Reliance Industries continues to demonstrate robust liquidity, with a trading value sufficient for substantial transactions. The current market dynamics suggest a keen interest in the stock, particularly in the options market, as it approaches its recent highs.