Dixon Technologies Sees Surge in Call Options with 47,470 Contracts at Rs 16,000 Strike

Dixon Technologies (India) Ltd, a prominent player in the Consumer Durables - Electronics sector, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The stock, trading under the ticker DIXON, has seen notable call options activity with two key strike prices.
For the call option expiring on April 24, 2025, the strike price of Rs 17,000 recorded 38,350 contracts traded, generating a turnover of Rs 725.20 lakhs and an open interest of 4,954 contracts. Meanwhile, the Rs 16,000 strike price option saw even higher engagement, with 47,470 contracts traded and a turnover of Rs 445.93 lakhs, alongside an open interest of 3,459 contracts. The underlying value of the stock stands at Rs 15,820.

In terms of performance metrics, Dixon Technologies has outperformed its sector by 0.36%, marking its eighth consecutive day of gains with a total return of 30.5% over this period. The stock reached an intraday high of Rs 16,401, reflecting a 3.7% increase. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Despite a recent decline in delivery volume, which fell by 35.75% against the 5-day average, the stock remains liquid enough for substantial trades, with a market capitalization of Rs 98,878.52 crore. Overall, Dixon Technologies continues to demonstrate robust activity and performance in the market.