Hero MotoCorp Sees Surge in Active Put Options: 10,251 Contracts at Rs 4000 Strike

Hero MotoCorp Ltd., a prominent player in the Automobile Two & Three Wheelers industry, 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, HEROMOTOCO, is currently valued at Rs 4058.5. Notably, a significant number of put contracts were traded, with 10,251 contracts exchanged, resulting in a turnover of approximately Rs 1,209.49 lakhs. The open interest stands at 2,025 contracts, indicating ongoing interest in this option type, which has a strike price of Rs 4000 and an expiry date set for May 29, 2025.
In terms of performance, Hero MotoCorp has underperformed its sector by 0.51%, following a trend reversal after three consecutive days of gains. The stock reached an intraday low of Rs 3933, reflecting a decline of 3.21%. Despite this, the stock remains above its 5-day, 20-day, 50-day, and 100-day moving averages, although it is below the 200-day moving average. The liquidity remains robust, with a delivery volume of 3.59 lakhs on May 13, which is 2.83% higher than the 5-day average. The stock also boasts a high dividend yield of 3.45%.

In summary, Hero MotoCorp's notable activity in the put options market highlights the current dynamics of its stock performance, characterized by fluctuations and investor engagement.