Surge in Reliance Industries' Call Options: 64,577 Contracts at Rs 1,300 Strike Price

Reliance Industries Ltd has emerged as one of the most active stocks today, particularly in the options market. The company, a key player in the oil exploration and refinery sector, has seen significant trading activity in its call options, with 64,577 contracts traded for an expiry date set for April 24, 2025. The strike price for these options is set at Rs 1,300, reflecting a robust turnover of Rs 2,518.58 lakhs and an open interest of 16,247 contracts.
As of the latest trading session, Reliance's underlying value stands at Rs 1,295.20. The stock has demonstrated a positive performance trend, gaining 4.74% over the past three days, with a slight intraday return of 0.15%. This performance is in line with the sector, which has seen a marginal decline of 0.02%. Notably, Reliance's stock price is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Despite a recent decline in delivery volume, which fell by 8.07% against the 5-day average, the stock maintains sufficient liquidity for trades, with a capacity for a trade size of Rs 26.69 crore. Overall, Reliance Industries continues to be a focal point in the market, reflecting its significant position within the large-cap segment, with a market capitalization of Rs 17,55,689.58 crore.