Dixon Technologies' Put Options Surge: 11,938 Contracts at Rs 14,000 Strike Price

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 14,510.
Notably, the put option with a strike price of Rs 14,000 saw the highest activity, with 11,938 contracts traded and a turnover of Rs 1,911.20 lakhs. Following closely, the Rs 14,500 strike price put option recorded 8,516 contracts traded and a turnover of Rs 2,155.99 lakhs. Other significant strike prices include Rs 13,500 and Rs 13,000, with 7,438 and 6,435 contracts traded, respectively.

The options are set to expire on July 31, 2025, and the open interest for these puts indicates a robust market engagement, with the Rs 14,000 strike showing 2,035 contracts and the Rs 14,500 strike at 1,936 contracts.

In terms of performance, Dixon Technologies has shown a slight one-day return of 0.15%, aligning closely with the sector's return of 0.25%. The stock has recently experienced a trend reversal, falling after two consecutive days of gains. It has traded within a narrow range of Rs 137 and remains liquid enough for a trade size of Rs 33.52 crore, based on 2% of the five-day average traded value.

Overall, the activity in Dixon Technologies' put options reflects significant market dynamics, underscoring the stock's current position within the broader financial landscape.