Dixon Technologies Sees 10,290 Contracts in Rs 15,250 Strike Puts Trade Today

Dixon Technologies (India) Ltd, a prominent player in the Electronics & Appliances sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, DIXON, is currently valued at Rs 15,372.
Notably, the put option with a strike price of Rs 15,000 saw significant activity, with 7,095 contracts traded, resulting in a turnover of Rs 15.93 lakhs. Additionally, the put option at a strike price of Rs 15,250 recorded even higher trading volume, with 10,290 contracts exchanged and a turnover of Rs 58.24 lakhs. The open interest for these options stands at 1,149 and 372 contracts, respectively.

In terms of performance, Dixon Technologies has been trading inline with its sector, although it has experienced a slight one-day return of -0.07%. The stock has been moving lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, investor participation has declined, with delivery volume dropping by 37.22% compared to the 5-day average.

Overall, Dixon Technologies remains a focal point in the market, reflecting notable activity in its put options as traders respond to current market conditions.