Call Option Trading Highlights
Among the most actively traded call options for Dixon Technologies (India), contracts with strike prices of ₹12,500, ₹13,000, ₹13,500, and ₹14,000 have seen substantial turnover and open interest. The underlying stock price stood at ₹12,468 on the latest trading session, with the 30 December expiry date drawing focus from traders.
The call option at the ₹12,500 strike recorded 7,517 contracts traded, generating a turnover of approximately ₹1455.44 lakhs and an open interest of 2,150 contracts. This strike price is just above the current stock price, indicating that traders are positioning for a potential upward move in the near term.
Similarly, the ₹13,000 strike call option saw 7,425 contracts traded, with turnover reaching ₹753.64 lakhs and open interest at 3,586 contracts. The ₹13,500 strike call recorded 5,850 contracts traded and turnover of ₹313.91 lakhs, with open interest at 4,833 contracts. The highest strike price among the active calls, ₹14,000, had 6,273 contracts traded, turnover of ₹192.20 lakhs, and the largest open interest of 9,630 contracts.
Expiry Patterns and Market Sentiment
The concentration of call option activity at strike prices above the current market price suggests that investors are anticipating potential gains in Dixon Technologies (India) shares by the end of December. The open interest figures, particularly at the ₹14,000 strike, reflect a sizeable number of contracts yet to be exercised or closed, which could influence price movements as expiry approaches.
Options turnover and open interest are key indicators of market sentiment and liquidity. The sizeable turnover at the ₹12,500 and ₹13,000 strikes indicates active trading interest close to the money, while the elevated open interest at ₹14,000 points to speculative or hedging activity at higher price levels.
Stock Price and Technical Context
Dixon Technologies (India) hit a new 52-week low of ₹12,130 recently, marking a significant price point for investors. The stock’s performance on the day was broadly in line with its sector, which is Electronics & Appliances, with a daily return of 1.42% compared to the sector’s 1.98%. The benchmark Sensex showed a marginal decline of 0.23% on the same day.
Technical indicators show that Dixon Technologies is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a prevailing downward trend in the short to medium term. However, the stock has recorded a reversal after three consecutive days of decline, which may be attracting renewed investor interest.
Investor participation has risen notably, with delivery volumes on 10 December reaching 4.47 lakh shares, a 264.7% increase compared to the five-day average delivery volume. This surge in delivery volume points to heightened investor engagement and could be a precursor to more pronounced price movements.
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Liquidity and Market Capitalisation
Dixon Technologies (India) is classified as a mid-cap stock with a market capitalisation of approximately ₹76,021.03 crores. The stock’s liquidity is sufficient to support sizeable trades, with the average traded value over five days allowing for trade sizes up to ₹11.33 crores based on 2% of the average traded value.
This level of liquidity is important for options traders and investors alike, as it ensures that positions can be entered and exited with relative ease without causing significant price disruption.
Investor Positioning and Outlook
The active call option trading at strike prices above the current market value reflects a cautiously optimistic stance among investors. While the stock has experienced downward pressure in recent months, the surge in call option volumes and open interest suggests that some market participants are anticipating a recovery or positive catalyst before the December expiry.
Given the stock’s trading below key moving averages, any upward price movement could be met with resistance, but the increased delivery volumes and reversal after consecutive falls may indicate a shift in market dynamics.
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Summary
Dixon Technologies (India) is currently under the spotlight in the derivatives market, with call options showing concentrated activity at strike prices ranging from ₹12,500 to ₹14,000 ahead of the 30 December 2025 expiry. The underlying stock’s recent price action, combined with rising delivery volumes and a reversal after a short-term decline, suggests a nuanced market outlook.
While the stock remains below key moving averages, the options data points to a segment of investors positioning for potential gains. Liquidity and market capitalisation support active trading, making Dixon Technologies a stock to watch in the electronics and appliances sector as the year-end approaches.
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