Dixon Technologies Sees Surge in Active Put Options with 24,116 Contracts at ₹15,000 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, has seen significant trading activity with two notable put options set to expire on May 29, 2025.
The put option with a strike price of 14,000 recorded 16,484 contracts traded, generating a turnover of approximately Rs 482.73 lakhs, while the 15,000 strike price option saw even higher activity with 24,116 contracts traded and a turnover of around Rs 3,534.56 lakhs. The open interest for these options stands at 2,871 and 3,574 contracts, respectively, indicating a robust interest in these positions.

Despite this activity, Dixon Technologies has underperformed its sector by 0.27% today, continuing a downward trend with a five-day return of -10.14%. The stock is currently valued at Rs 15,170, which is above its 50-day and 200-day moving averages but below its shorter-term moving averages. Additionally, the stock's liquidity remains favorable, with a delivery volume of 2.86 lakhs on May 22, reflecting a 19.94% increase compared to the five-day average.

In summary, while Dixon Technologies is experiencing heightened activity in its put options, the stock is navigating a challenging performance landscape, marked by recent declines and fluctuating investor participation.