Surge in Reliance Industries Ltd Put Options: 8,760 Contracts at Rs 1500 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 put options. The company’s underlying stock, RELIANCE, is currently valued at Rs 1483.2. Notably, two put options with expiry dates set for July 31, 2025, have seen significant trading activity. The put option with a strike price of Rs 1480 recorded 6,922 contracts traded, generating a turnover of Rs 634.06 lakhs, while the Rs 1500 strike price option saw 8,760 contracts traded, resulting in a turnover of Rs 1,174.28 lakhs.
The open interest for these options stands at 1,652 and 5,463, respectively, indicating a robust interest among traders. Today, Reliance Industries has shown a performance inline with its sector, marking a trend reversal after five consecutive days of decline. The stock has traded within a narrow range of Rs 8.2 and has a one-day return of 0.53%, outperforming the sector's return of 0.39% and the Sensex's return of 0.09%.

With liquidity sufficient for a trade size of Rs 29.33 crore, Reliance Industries continues to maintain a strong market position, supported by rising investor participation reflected in a delivery volume increase of 92.95% against the five-day average. Overall, the activity in put options highlights the ongoing interest in Reliance Industries amidst its recent performance trends.