Hero MotoCorp Sees 1,724 Put Contracts at Rs 5,400 Strike Amid Declining Price Trend

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 5,395.5. With an expiry date set for October 28, 2025, the put options have a strike price of Rs 5,400. Today, 1,724 contracts were traded, resulting in a turnover of Rs 346.86 lakhs, while the open interest stands at 891 contracts.
In terms of performance, Hero MotoCorp has outperformed its sector by 0.37%, despite experiencing a consecutive decline over the past two days, with a total return of -1.42% during this period. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market. However, investor participation has seen a decline, with delivery volume dropping by 74.43% compared to the 5-day average.

The stock's liquidity remains robust, accommodating trade sizes of up to Rs 24.89 crore, supported by a high dividend yield of 3.04%. Overall, Hero MotoCorp's activity in the options market reflects significant trading interest, amidst a backdrop of fluctuating stock performance.