Dixon Technologies Sees Surge in Put Options: 7,777 Contracts at Rs 15,000 Strike

Dixon Technologies (India) Ltd, a prominent player in the Electronics & Appliances sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options have seen significant trading activity, with 5,107 contracts traded at a strike price of Rs 14,000, resulting in a turnover of approximately Rs 194.36 lakhs. Additionally, the put option with a strike price of Rs 15,000 recorded 7,777 contracts traded, contributing to a turnover of around Rs 1,339.77 lakhs. The open interest for these options stands at 2,621 and 3,309 contracts, respectively.
As of today, Dixon's underlying value is Rs 15,103, reflecting a decline of 3.02% in one-day returns, consistent with a broader trend where the stock has fallen for four consecutive days, totaling an 8.79% decrease during this period. The stock touched an intraday low of Rs 15,050, indicating a challenging trading environment. Despite this, the stock remains liquid, with a delivery volume of 6.67 lakhs, which has surged by 433.65% compared to the five-day average.

In summary, Dixon Technologies is experiencing notable activity in its put options, reflecting current market dynamics and investor behavior within the electronics sector.