Dixon Technologies Sees 6,855 Contracts in 17,000 Strike Put Options Trading

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 17,195.
Notably, the put option with a strike price of Rs 17,000 saw the highest activity, with 6,855 contracts traded and a turnover of Rs 245.51 lakhs. Following closely, the Rs 17,250 strike price put option recorded 4,796 contracts traded, generating a turnover of Rs 302.29 lakhs. Other significant strike prices include Rs 16,500 and Rs 16,750, with 3,114 and 2,984 contracts traded, respectively.

Despite this activity, Dixon Technologies has underperformed its sector by 0.4%, with a one-day return of -1.47%. The stock has been on a downward trend, losing 5.43% over the past two days. However, it remains above its 50-day, 100-day, and 200-day moving averages, indicating some resilience. Open interest for these put options ranges from 728 to 1,895 contracts, reflecting varying levels of market interest.

In summary, while Dixon Technologies faces recent challenges in stock performance, the notable activity in its put options suggests a significant level of trading engagement in the current market environment.