Dixon Technologies Sees Surge in Put Options with 10,233 Contracts Traded at Rs 14,250

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 in the Electronics & Appliances industry, has seen significant trading activity with 10,233 contracts traded for puts with a strike price of Rs 14,250, resulting in a turnover of Rs 43.61 lakhs. The underlying value of the stock stands at Rs 14,893.
As of today, Dixon Technologies has been experiencing a downward trend, having lost 2.3% over the last two days, with a one-day return of -0.49%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, the stock's liquidity remains adequate, with a trading volume of Rs 17.11 crore, although investor participation has declined, as evidenced by a 50.86% drop in delivery volume compared to the 5-day average.

With an open interest of 428 contracts, the activity in Dixon Technologies' put options reflects the current market dynamics. The stock's performance today aligns with sector trends, which saw a 1D return of -0.84%, contrasting with the Sensex's modest gain of 0.19%. Overall, Dixon Technologies continues to be a focal point in the market, driven by notable trading activity in its put options.