Surge in Reliance Industries Ltd Put Options: 9,160 Contracts at Rs 1500 Strike Active

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 1515. 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 number of contracts traded at 9,160, generating a turnover of approximately Rs 795.55 lakhs and an open interest of 5,837. Following closely, the Rs 1520 strike price option saw 9,433 contracts traded, with a turnover of Rs 1,156.01 lakhs and an open interest of 3,297. The Rs 1510 and Rs 1530 strike prices also demonstrated notable activity, with 5,035 and 5,716 contracts traded, respectively.

In terms of performance, Reliance Industries has shown resilience, gaining 0.30% today, which aligns with the sector's performance of 0.37%. The stock has managed to trade above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend reversal after two consecutive days of decline. However, investor participation has seen a decline, with delivery volume dropping by 34.63% compared to the 5-day average.

Overall, Reliance Industries continues to maintain a strong market position, supported by substantial trading activity in its put options, reflecting ongoing interest in the stock amidst fluctuating market conditions.