Reliance Industries Sees Surge in Active Put Options with 18,622 Contracts at 1280 Strike

Reliance Industries Ltd, a prominent player in the Oil Exploration and Refineries sector, has emerged as one of the most active stocks in the options market today. Notably, the company’s put options have garnered significant attention, particularly those with expiry on April 24, 2025. The put option with a strike price of 1260 saw 18,293 contracts traded, resulting in a turnover of Rs 329.27 lakhs, while the 1280 strike price option recorded 18,622 contracts traded and a turnover of Rs 702.24 lakhs. The underlying value of Reliance shares stands at Rs 1295.2, reflecting the stock's current market position.
In terms of performance, Reliance has been gaining traction, with a 4.74% increase over the past three days. The stock's performance today aligns with sector trends, showing a one-day return of 0.15%. However, investor participation appears to be declining, with delivery volume dropping by 8.07% compared to the five-day average. The stock remains liquid, with a trading capacity of Rs 26.69 crore based on 2% of the five-day average traded value.

Overall, Reliance Industries continues to demonstrate notable activity in the options market, reflecting its significant role in the oil sector and the broader market landscape.