Reliance Industries Ltd Sees Surge in Active Call Options with 11,411 Contracts Traded

Reliance Industries Ltd, a prominent player in the Oil Exploration and Refineries sector, has emerged as one of the most active stocks today. The company, with a market capitalization of Rs 16,78,690.40 crore, has seen significant trading activity in its call options, particularly with an expiry date set for April 24, 2025. The strike price for these options is set at Rs 1280, with a total of 11,411 contracts traded, resulting in a turnover of Rs 845.78 lakh and an open interest of 10,492 contracts.
In terms of performance, Reliance Industries has been experiencing a downward trend, having lost 2.97% over the last four days. Today, the stock recorded a 1D return of -0.85%, slightly underperforming compared to the sector's return of -0.67% and the Sensex's return of -0.34%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment.

Additionally, the delivery volume has decreased by 15.88% compared to the 5-day average, reflecting a decline in investor participation. Despite these challenges, the stock remains liquid enough for trades sized at Rs 35.79 crore, based on 2% of the 5-day average traded value. Overall, Reliance Industries continues to be a focal point in the market, with its recent activity highlighting the current trends within the oil exploration and refinery industry.