Dixon Technologies Sees Surge in Put Options Activity with 4,471 Contracts at Rs 14,500

Dixon Technologies (India) Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, operating in the Electronics & Appliances industry, has seen significant trading activity in its put options with two notable strike prices.
For the put option with a strike price of Rs 14,000, a total of 3,818 contracts were traded, resulting in a turnover of approximately Rs 509.63 lakhs and an open interest of 1,998 contracts. Meanwhile, the put option with a strike price of Rs 14,500 recorded even higher activity, with 4,471 contracts traded and a turnover of around Rs 966.59 lakhs, alongside an open interest of 2,408 contracts. The underlying value of Dixon's stock stands at Rs 14,936.

In terms of performance, the stock reached an intraday high of Rs 15,050, reflecting a 2.27% increase. It is currently performing inline with its sector, with a one-day return of 1.49%, compared to a sector return of 1.64%. However, investor participation has shown signs of decline, with delivery volume dropping by 20.91% against the five-day average. The stock remains liquid enough for trades sized at Rs 27.17 crores, based on 2% of the five-day average traded value.

In summary, Dixon Technologies is witnessing notable activity in its put options, reflecting a dynamic trading environment, while also navigating challenges in investor participation.