Hero MotoCorp Sees Surge in Active Put Options: 4,805 Contracts at Rs 4,600 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 put options, set to expire on August 28, 2025, have seen significant trading activity, with 4,805 contracts exchanged at a turnover of approximately Rs 284.30 lakhs. The strike price for these puts is set at Rs 4,600, while the underlying stock is currently valued at Rs 4,764.10.
In terms of performance, Hero MotoCorp has outperformed its sector by 1.01%, marking a consecutive gain over the last two days with a total return of 4.29% during this period. The stock reached an intraday high of Rs 4,763.50, reflecting a 2.55% increase. Notably, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 37.11% compared to the 5-day average. The stock maintains a high dividend yield of 3.55% and exhibits sufficient liquidity for trades, with a size of Rs 9.19 crore based on 2% of the 5-day average traded value.

In summary, Hero MotoCorp's recent activity in the options market, coupled with its solid performance metrics, underscores its current position in the market, reflecting both strength and areas of caution.