Dixon Technologies Sees Surge in Put Options with 3,021 Contracts at Rs 15,000 Strike

Dixon Technologies (India) Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, operating within the Electronics & Appliances industry, has seen significant trading activity with 3,021 contracts traded for puts with a strike price of Rs 15,000, resulting in a turnover of approximately Rs 565.77 lakhs. The open interest for these puts stands at 1,959 contracts, indicating a robust interest among traders.
As of today, Dixon's underlying stock value is Rs 15,664, reflecting a performance that is inline with the sector. The stock has experienced a consecutive gain over the last two days, with a total return of 3.02% during this period. It reached an intraday high of Rs 15,668, marking a 3.07% increase. Notably, Dixon Technologies is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price movement.

However, there has been a decline in investor participation, with delivery volume dropping by 45.63% compared to the 5-day average. Despite this, the stock remains liquid enough for trades, with a liquidity level based on 2% of the 5-day average traded value amounting to Rs 21.67 crores.

In summary, Dixon Technologies is currently experiencing notable activity in its put options, reflecting a complex interplay of market dynamics and trading behaviors.