Dixon Technologies Sees Surge in Active Put Options with 9,030 Contracts at Rs 16,250 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 16,852.
Notably, the put options with a strike price of Rs 16,500 saw the highest activity, with 7,106 contracts traded and a turnover of Rs 347.55 lakhs. This was followed by the Rs 16,250 strike price, which recorded 9,030 contracts traded and a turnover of Rs 113.42 lakhs. The Rs 16,000 strike price also demonstrated significant activity, with 6,778 contracts traded and a turnover of Rs 24.67 lakhs.

The options are set to expire on July 31, 2025, and the open interest for these puts indicates ongoing interest, with 1,060 contracts for the Rs 16,000 strike, 618 for the Rs 16,500 strike, and 510 for the Rs 16,250 strike.

In terms of performance, Dixon Technologies has outperformed its sector by 0.43% today, with a one-day return of 0.70%. The stock has been on a positive trajectory, gaining 1.17% over the last two days. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend. Additionally, the stock has shown rising investor participation, with a delivery volume of 1.81 lakhs, up 69.07% compared to the 5-day average.

Overall, Dixon Technologies continues to demonstrate robust activity in the options market, highlighting its significant position within the electronics sector.