Surge in Reliance Industries Ltd Put Options: 1,447 Contracts at Rs 1380 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 stock, currently valued at Rs 1352.3, has seen significant trading activity in various put options with an expiry date of September 30, 2025.
Among the notable transactions, the put option with a strike price of Rs 1380 recorded the highest activity, with 1,447 contracts traded and a turnover of Rs 303.8 lakhs. This was closely followed by the Rs 1370 strike price option, which saw 1,338 contracts traded and a turnover of Rs 243.5 lakhs. Other strike prices, including Rs 1330, Rs 1310, and Rs 1280, also demonstrated considerable trading volumes, with turnovers of Rs 116.9 lakhs, Rs 76.2 lakhs, and Rs 40.9 lakhs, respectively.

Despite this activity, Reliance Industries has underperformed its sector by 0.37% today, with a one-day return of -0.39%. The stock has been on a downward trend, losing 2.55% over the past two days. While the stock remains above its 200-day moving average, it is currently below its shorter-term moving averages. Notably, investor participation has increased, with delivery volumes rising by 58.1% compared to the five-day average.

In summary, Reliance Industries Ltd's put options are witnessing heightened activity, reflecting a notable interest in the stock amidst its recent performance challenges.