Hero MotoCorp Sees Surge in Call Options with 2,897 Contracts Traded at Rs 4,300 Strike

Hero MotoCorp Ltd., a prominent player in the automobiles sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, HEROMOTOCO, has seen significant trading activity with 2,897 call contracts exchanged, reflecting a turnover of approximately Rs 327.26 lakhs. The options have an expiry date set for July 31, 2025, with a strike price of Rs 4,300. Open interest stands at 2,368 contracts, indicating ongoing interest in this option.
In terms of performance, Hero MotoCorp has underperformed its sector by 1.46%, with the stock hitting an intraday low of Rs 4,211, representing a decline of 2.53%. The weighted average price suggests that more volume was traded closer to this low price. While the stock remains above its 50-day and 100-day moving averages, it is currently below the 5-day, 20-day, and 200-day moving averages, indicating mixed short-term trends.

The stock's delivery volume has shown a rise of 2.83% against the 5-day average, with a total of 3.48 lakh shares delivered on June 27. Additionally, Hero MotoCorp boasts a high dividend yield of 3.24% at the current price, and its liquidity remains robust, accommodating trades up to Rs 4.94 crore based on 2% of the 5-day average traded value. Overall, the activity surrounding Hero MotoCorp reflects a dynamic trading environment, underscoring the stock's significance in the current market landscape.