Hero MotoCorp Sees 3,328 Put Contracts Trade at Rs 5,400 Strike Price

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 the put options segment. The company’s underlying stock, HEROMOTOCO, is currently valued at Rs 5,363.5, reflecting a decline of 2.81% in one-day returns, underperforming its sector, which saw a 1.37% drop.
Today, a total of 3,328 put contracts were traded with a turnover of Rs 681.16 lakhs, indicating significant activity in this option type. The puts have a strike price of Rs 5,400 and are set to expire on November 25, 2025. Open interest stands at 803 contracts, suggesting a notable level of interest among traders.

The stock has been on a downward trend, having lost 2.94% over the last two days, with an intraday low of Rs 5,360, marking a 3.23% decline. While the stock is trading above its 100-day and 200-day moving averages, it remains below its 5-day, 20-day, and 50-day moving averages. Additionally, delivery volume has decreased significantly, falling by 51.29% compared to the 5-day average, indicating a decline in investor participation.

In summary, Hero MotoCorp's put options are witnessing heightened activity amid a challenging trading environment, characterized by falling prices and reduced investor engagement.