Surge in Hero MotoCorp’s Put Options: 10,856 Contracts at Rs 4,300 Strike Active Today

Hero MotoCorp Ltd., a prominent player in the automobiles sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, HEROMOTOCO, is currently valued at Rs 4,462.1. Notably, the put options with a strike price of Rs 4,300 saw the highest activity, with 10,856 contracts traded and a turnover of Rs 1,278.13 lakhs, alongside an open interest of 2,335 contracts.
Additionally, the put options at strike prices of Rs 4,400 and Rs 4,200 also demonstrated significant trading volumes, with 7,333 and 8,497 contracts traded, respectively. The turnover for these options reached Rs 1,229.08 lakhs and Rs 502.05 lakhs, with open interests of 1,053 and 1,556 contracts.

Despite the notable activity in the options market, Hero MotoCorp's stock has underperformed the sector by 0.31% today, reflecting a one-day return of -1.12%. The stock has recently experienced a trend reversal after two consecutive days of gains. However, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend. The liquidity remains robust, supporting trades of up to Rs 5.85 crore based on the average traded value. Overall, the activity in Hero MotoCorp's put options highlights a significant interest in the stock amidst current market conditions.