Surge in Active Call Options for Reliance Industries at Rs 1,300 Strike Price

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 approximately Rs 17.56 lakh crore, has seen significant trading activity in its call options, particularly for contracts expiring on May 29, 2025.
Today, 7,047 contracts were traded at a strike price of Rs 1,300, resulting in a turnover of Rs 1,385.01 lakh. The open interest for these options stands at 9,103 contracts, indicating a robust interest among traders. The underlying value of Reliance Industries is currently at Rs 1,297.1.

In terms of performance metrics, the stock's movement has been in line with the sector, reflecting a 1D return of -0.18%, slightly better than the sector's -0.21% and the Sensex's -0.26%. The stock is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Notably, investor participation has seen a decline, with delivery volume dropping by 14.59% compared to the 5-day average.

Overall, Reliance Industries continues to attract attention in the market, driven by its substantial trading volume and underlying performance metrics.