Dixon Technologies Sees Surge in Call Options: 14,331 Contracts at Rs 17,000 Strike

Dixon Technologies (India) Ltd, a prominent player in the Consumer Durables - Electronics sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, DIXON, has seen significant trading activity in call options set to expire on April 24, 2025. Notably, the call option with a strike price of Rs 17,000 recorded the highest volume, with 14,331 contracts traded and a turnover of Rs 862.87 lakhs.
In comparison, the Rs 18,000 strike price option saw 9,886 contracts traded, generating a turnover of Rs 116.01 lakhs, while the Rs 17,500 option had 11,806 contracts traded, amounting to Rs 284.48 lakhs. The open interest for these options stands at 3,568 for the Rs 18,000 strike, 3,478 for the Rs 17,500 strike, and 4,867 for the Rs 17,000 strike.

Today, DIXON's stock performance has been inline with the sector, despite a slight trend reversal after eight consecutive days of gains. The stock reached an intraday high of Rs 17,069, reflecting a 2.36% increase. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market. The delivery volume has also increased, with 282,000 shares delivered on April 22, marking a 22.72% rise against the 5-day average.

Overall, Dixon Technologies continues to demonstrate robust trading activity and market resilience, underscoring its significant role in the consumer durables sector.