Surge in Active Put Options for Hero MotoCorp: 3,229 Contracts at Rs 4500 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 4556.2. Notably, two put options with expiry dates set for August 28, 2025, have attracted significant trading activity.
The put option with a strike price of Rs 4400 saw 2,908 contracts traded, generating a turnover of Rs 235.98 lakhs, while the Rs 4500 strike price option recorded 3,229 contracts traded, resulting in a turnover of Rs 416.73 lakhs. The open interest for these options stands at 1,490 and 1,818 contracts, respectively, indicating a robust interest among traders.

In terms of performance, Hero MotoCorp has outperformed its sector by 1.42% today, reaching an intraday high of Rs 4580, reflecting a 2.35% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing a strong upward trend. Additionally, the stock has demonstrated rising investor participation, with a delivery volume of 3.2 lakhs, up 13.6% from the 5-day average.

With a market capitalization of Rs 89,487 crore, Hero MotoCorp continues to maintain a high dividend yield of 3.69%, further enhancing its appeal in the market. Overall, the activity in the put options reflects a notable engagement from traders, underscoring the stock's current market dynamics.