Hero MotoCorp Sees Surge in Put Option Activity with 21,811 Contracts Traded

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 4,992.3, just below the strike price of Rs 5,000 for the put options expiring on August 28, 2025. A total of 21,811 contracts were traded, resulting in a turnover of approximately Rs 1,833.76 lakhs, while open interest stands at 1,607 contracts.
Today’s performance indicates a positive trend reversal for Hero MotoCorp, as the stock has gained after two consecutive days of decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward momentum. Additionally, the stock has seen a rise in investor participation, with a delivery volume of 846,000 shares on August 22, marking a 22.58% increase compared to the 5-day average.

With a high dividend yield of 3.3% and sufficient liquidity for trades up to Rs 17.52 crore, Hero MotoCorp continues to maintain a solid market position. The stock's one-day return stands at 0.68%, outperforming the sector's return of 0.22% and the Sensex's return of 0.39%. Overall, the activity in put options reflects the ongoing dynamics within the stock, highlighting its current market engagement.