Dixon Technologies Sees Surge in Put Option Activity with 6,216 Contracts Traded

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 the put options segment. The company’s underlying stock, DIXON, has seen significant activity with 6,216 contracts traded, resulting in a turnover of approximately Rs 23.24 lakhs. The put option, set to expire on May 29, 2025, has a strike price of Rs 14,000, with an open interest of 2,463 contracts.
In terms of price performance, DIXON has underperformed its sector by 1.05% today, following a trend reversal after two consecutive days of gains. The stock is currently trading above its 50-day and 200-day moving averages, yet below its 5-day, 20-day, and 100-day moving averages. Notably, investor participation has declined, with a delivery volume of 154,000 shares on May 27, marking a significant drop of 48.88% compared to the five-day average.

The stock's one-day return stands at -1.03%, while the sector and Sensex have reported marginal returns of 0.01% and -0.14%, respectively. With a market capitalization of Rs 90,275.53 crore, Dixon Technologies continues to be a key player in its industry, reflecting the dynamic nature of the current trading environment.