Dixon Technologies Sees Surge in Active Put Options: 2,412 Contracts at Rs 16,500 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 activity with two notable put options set to expire on July 31, 2025.
The put option with a strike price of Rs 16,250 recorded 2,109 contracts traded, generating a turnover of Rs 35.09 lakhs and an open interest of 836 contracts. Meanwhile, the put option with a strike price of Rs 16,500 saw even higher activity, with 2,412 contracts traded and a turnover of Rs 162.30 lakhs, alongside an open interest of 1,311 contracts. The underlying value of DIXON stands at Rs 16,408.

In terms of price performance, the stock has been under pressure, experiencing a decline of 1.93% over the last two days, including an opening gap down of 2.42% today. The stock reached an intraday low of Rs 16,128, reflecting a drop of 3.8%. Despite being above the 20-day, 50-day, 100-day, and 200-day moving averages, it remains below the 5-day moving average.

Investor participation has also waned, with a delivery volume of 61.67k on July 30, down 56.69% from the five-day average. The liquidity remains adequate for trading, with the stock's market cap at Rs 1,01,341.00 crore, classifying it as a large-cap entity. Overall, Dixon Technologies continues to navigate a challenging market environment, marked by notable put option activity.