Dixon Technologies Sees Surge in Active Put Options with 23,187 Contracts at Rs 16,000 Strike

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 16,555.
Notably, the put option with a strike price of Rs 16,500 saw the highest activity, with 21,126 contracts traded and a turnover of Rs 3,610.22 lakhs. Following closely, the Rs 16,000 strike price put option recorded 23,187 contracts traded, contributing to a turnover of Rs 1,919.19 lakhs. Other significant strike prices include Rs 15,500 and Rs 15,000, with 15,550 and 15,276 contracts traded respectively, indicating robust trading interest.

Despite underperforming the sector by 0.36% today, Dixon Technologies has shown resilience with a 3.5% gain over the past two days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a positive trend. Additionally, the stock's liquidity remains strong, with a delivery volume increase of 69.39% against the 5-day average.

In summary, Dixon Technologies continues to attract significant trading activity in the options market, particularly in put options, while maintaining a solid market position within the electronics sector.