Hero MotoCorp Ltd. Sees Surge in Active Put Options with 2,754 Contracts at Rs 4,500 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 4,641.60. Notably, three put options with an expiry date of August 28, 2025, have seen significant trading activity.
The put option with a strike price of Rs 4,600 recorded 2,639 contracts traded, generating a turnover of Rs 285.61 lakhs and an open interest of 2,198 contracts. Similarly, the Rs 4,700 strike price option saw 2,680 contracts traded, with a turnover of Rs 461.90 lakhs and an open interest of 519 contracts. The Rs 4,500 strike price option also attracted attention, with 2,754 contracts traded and a turnover of Rs 176.06 lakhs, alongside an open interest of 1,876 contracts.

In terms of performance, Hero MotoCorp is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong market position. The stock's liquidity remains robust, with a delivery volume of 8.9 lakhs on August 7, reflecting a 198.56% increase compared to the 5-day average. Despite a slight one-day return of -0.02%, the stock's high dividend yield of 3.54% adds to its appeal. Overall, the trading activity in put options highlights the ongoing interest in Hero MotoCorp amidst a stable market environment.