Dixon Technologies Sees Surge in Active Put Options with 4,017 Contracts at Rs 15,500 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, is currently valued at Rs 16,240.
Notably, several put options with an expiry date of July 31, 2025, have seen significant trading activity. The put option with a strike price of Rs 15,500 recorded the highest number of contracts traded at 4,017, generating a turnover of approximately Rs 495.80 lakhs and an open interest of 1,387 contracts. Following closely, the Rs 16,250 strike price put option saw 3,148 contracts traded, with a turnover of Rs 859.67 lakhs and an open interest of 402.

The stock opened with a gain of 3.49% today, reaching an intraday high of Rs 16,450, reflecting a 3.96% increase. Dixon Technologies is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 40.36% compared to the 5-day average.

In summary, Dixon Technologies continues to show robust activity in the options market, particularly in put options, while maintaining a solid market position within the large-cap segment of the Electronics & Appliances industry.