Dixon Technologies Sees Surge in Call Options with 10,757 Contracts at Rs 17,000 Strike

Dixon Technologies (India) Ltd has emerged as one of the most active stocks in the consumer durables electronics sector today. The stock, trading under the ticker DIXON, has shown significant movement with a notable focus on call options expiring on April 24, 2025. The call option with a strike price of Rs 17,000 saw 10,757 contracts traded, contributing to a turnover of Rs 34.10 lakhs, while open interest stands at 1,883 contracts.
In terms of performance, Dixon Technologies has outperformed its sector by 1.29%, marking a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 16,925, reflecting a gain of 2.03%. Currently, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, there has been a decline in investor participation, with delivery volume dropping by 62.08% compared to the 5-day average, totaling 80.69 thousand shares on April 24. Despite this, the stock remains liquid enough for a trade size of Rs 21.81 crore, based on 2% of the 5-day average traded value.

In summary, Dixon Technologies is experiencing notable activity in the options market, with key performance indicators suggesting a positive shift in its trading dynamics.