Dixon Technologies Sees 5,029 Put Contracts at Rs 16,000 Strike Amid Price Decline

Dixon Technologies (India) Ltd, a prominent player in the Electronics & Appliances sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options have seen significant trading activity, with 4,680 contracts traded at a strike price of Rs 16,500, resulting in a turnover of Rs 870.60 lakhs. Additionally, another put option with a strike price of Rs 16,000 recorded 5,029 contracts traded, contributing Rs 521.58 lakhs to the turnover. The open interest for these options stands at 1,713 and 1,849 contracts, respectively. Despite this activity, Dixon Technologies has underperformed its sector by 0.46%, with the stock experiencing a consecutive decline over the past two days, resulting in a total drop of 4.36%. The stock reached an intraday low of Rs 16,585, reflecting a decrease of 3.55%. The weighted average price indicates that more volume was traded closer to this low price. While the stock remains above its 100-day and 200-day moving averages, it is currently below its 5-day, 20-day, and 50-day moving averages. In terms of liquidity, the stock has shown sufficient trading volume, with a delivery volume of 74.99k on October 13, which is a 4.08% increase compared to the 5-day average. Overall, Dixon Technologies continues to navigate a challenging market environment, marked by notable trading activity in its put options.