Surge in Hero MotoCorp Put Options: 4,271 Contracts at Rs 4,300 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 put options. The stock, trading under the ticker HEROMOTOCO, has seen significant activity with 4,271 put contracts traded at a strike price of Rs 4,300, resulting in a turnover of approximately Rs 653.59 lakhs. The open interest stands at 2,163 contracts, indicating a robust interest in this option type.
Today, Hero MotoCorp's stock has outperformed its sector by 1.66%, reflecting a positive trend with a consecutive gain over the last two days, yielding a total return of 4.89%. The stock reached an intraday high of Rs 4,425, marking a 4.08% increase. Notably, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum.

Despite the positive performance, there has been a decline in investor participation, with delivery volume dropping by 45.04% compared to the 5-day average. The stock currently boasts a high dividend yield of 3.29% and maintains sufficient liquidity for trades sized at Rs 3.46 crore, based on 2% of the 5-day average traded value.

In summary, Hero MotoCorp's notable activity in put options today highlights its current market dynamics, characterized by strong performance metrics and a significant trading volume in the options market.