Dixon Technologies Sees Surge in Put Options with 6,364 Contracts at Rs 17,000 Strike

Dixon Technologies (India) Ltd has emerged as one of the most active stocks in the market today, particularly in the options segment, with a focus on put options. The company, operating within the Electronics & Appliances industry, has seen significant activity in its put options, with 6,364 contracts traded at a strike price of Rs 17,000. The turnover for these options reached approximately Rs 564.71 lakhs, while the open interest stands at 1,858 contracts, indicating a robust trading environment.
As of today, Dixon Technologies' underlying stock value is Rs 17,220, reflecting a 3.16% increase over the past two days. The stock reached an intraday high of Rs 17,263, marking a 2.19% rise. Notably, Dixon is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its performance.

Investor participation has also seen a notable uptick, with delivery volume on August 22 rising by 48.82% compared to the 5-day average. The stock's liquidity remains strong, with a trade size of Rs 8.88 crore based on 2% of the 5-day average traded value.

In summary, Dixon Technologies is experiencing heightened activity in its put options, alongside a solid performance in the stock market, reflecting its current market position and investor engagement.