Hero MotoCorp Ltd. Sees Surge in Active Call Options with 4,558 Contracts Traded

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, is currently valued at Rs 4,390.8. Notably, there were 4,558 call contracts traded with a turnover of Rs 298.30 lakhs, indicating significant market activity. The open interest stands at 5,648 contracts, reflecting ongoing investor engagement.
Despite this activity, Hero MotoCorp has underperformed its sector by 0.31% today, with a 1D return of -1.12%. This follows a trend reversal after two consecutive days of gains. However, the stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term positive trend.

Investor participation has notably increased, with a delivery volume of 618,000 shares on July 15, marking a 173.17% rise compared to the 5-day average. Additionally, the stock boasts a high dividend yield of 3.14%, and its liquidity is sufficient for trades up to Rs 5.85 crore, based on 2% of the 5-day average traded value. Overall, Hero MotoCorp continues to be a focal point in the market, reflecting both activity and underlying performance metrics.