Dixon Technologies Sees Surge in Active Put Options with 9,472 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, is currently valued at Rs 16,766.
Today, a significant number of put contracts were traded, totaling 9,472, with a turnover of Rs 618.62 lakhs. The put option has a strike price of Rs 16,500 and is set to expire on July 31, 2025. Open interest stands at 2,871 contracts, indicating ongoing interest in this option.

In terms of performance, Dixon Technologies has underperformed its sector by 0.42% today, following a trend reversal after two consecutive days of gains. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive long-term trend. However, investor participation has seen a decline, with delivery volume dropping by 6.76% compared to the 5-day average.

Despite a slight one-day return of -0.07%, the stock remains liquid, with a trading capacity of Rs 16.29 crore based on 2% of the 5-day average traded value. As Dixon Technologies continues to navigate market dynamics, its active put options reflect a notable interest among traders.