Hero MotoCorp Ltd. Sees Surge in Active Put Options, 25,837 Contracts at Rs 5,000 Strike

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 4,990.
Notably, the put options with expiry on August 28, 2025, have seen significant trading activity. The strike price of Rs 5,000 led the pack with 25,837 contracts traded, resulting in a turnover of approximately Rs 2,931.85 lakhs and an open interest of 1,128 contracts. Following closely, the Rs 4,900 strike price recorded 14,930 contracts traded and a turnover of Rs 870.27 lakhs, with an open interest of 1,798. The Rs 4,800 strike price also saw considerable activity, with 12,085 contracts traded and a turnover of Rs 343.88 lakhs, alongside an open interest of 1,330.

In terms of performance, Hero MotoCorp has outperformed its sector by 0.67% today, marking a consecutive gain over the last two days with a total return of 6.88%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock's liquidity remains robust, with a delivery volume of 17.69 lakhs on August 18, reflecting a 396.98% increase against the 5-day average.

In summary, Hero MotoCorp's notable activity in put options today highlights the stock's dynamic presence in the market, supported by strong performance metrics and liquidity.