Reliance Industries Sees Heavy Put Activity: 5,168 Contracts at Rs 1400 Strike Traded

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 the put options segment. The company’s underlying stock, RELIANCE, is currently valued at Rs 1402.8. Notably, two put options with expiry dates set for October 28, 2025, have garnered significant attention.
The put option with a strike price of Rs 1380 saw 4,103 contracts traded, resulting in a turnover of Rs 196.74 lakhs, while the option with a strike price of Rs 1400 recorded 5,168 contracts traded and a turnover of Rs 437.47 lakhs. The open interest for these options stands at 6,781 and 8,783 contracts, respectively, indicating a robust interest among traders.

In terms of performance, Reliance Industries has shown a 2.29% increase over the last two days, aligning with sector trends. The stock has been trading within a narrow range of Rs 11.2 and is currently above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average. Additionally, the stock's liquidity remains strong, with a delivery volume of 74.8 lakhs on October 16, reflecting a 68.34% increase compared to the 5-day average.

In summary, Reliance Industries Ltd continues to attract attention in the options market, particularly with its active put options, reflecting ongoing trading dynamics in the oil sector.