Hero MotoCorp Sees Surge in Call Options with 4,863 Contracts at Rs 4300 Strike

Hero MotoCorp Ltd., a prominent player in the automobiles sector, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The company’s underlying stock, HEROMOTOCO, has seen a notable uptick, closing at Rs 4257.4, which represents a 0.69% increase for the day. This performance has outpaced the sector's average return of 0.20% and the Sensex's marginal gain of 0.01%.
Today, the stock options for Hero MotoCorp, specifically call options with a strike price of Rs 4300, have garnered considerable attention, with 4,863 contracts traded and a turnover of Rs 585.92 lakhs. The open interest stands at 4,028 contracts, indicating a robust interest in these options.

The stock has shown a trend reversal, gaining after two consecutive days of decline, and reached an intraday high of Rs 4324.6, marking a 2.33% increase. While the stock's performance metrics indicate it is trading above its 50-day and 100-day moving averages, it remains below its 5-day, 20-day, and 200-day averages. Additionally, the stock boasts a high dividend yield of 3.31% at the current price, although delivery volume has seen a decline of 29.44% compared to the 5-day average.

In summary, Hero MotoCorp's active trading today highlights its position within the large-cap automobile industry, showcasing both resilience and investor engagement amidst fluctuating market conditions.