Dixon Technologies Sees 3,008 Contracts in Rs 17,000 Strike Price Puts Activity

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 3,008 contracts traded, reflecting a turnover of approximately Rs 599.33 lakhs. The put option has a strike price of Rs 17,000 and is set to expire on October 28, 2025, with an open interest of 1,773 contracts.
In terms of price performance, DIXON has underperformed its sector by 0.49%, with a one-day return of -1.40%. The stock reached an intraday low of Rs 16,830, marking a decline of 3.53%. Despite this, it remains above its 5-day, 100-day, and 200-day moving averages, although it is trading lower than its 20-day and 50-day moving averages.

Investor participation has seen a notable increase, with delivery volume rising by 106.91% compared to the 5-day average, indicating heightened trading activity. The stock's liquidity remains robust, accommodating trades of up to Rs 6.15 crore based on 2% of the 5-day average traded value.

In summary, Dixon Technologies is experiencing significant put option activity amid a backdrop of fluctuating stock performance, reflecting the dynamic nature of the current market environment.