Hero MotoCorp Sees 6,619 Put Contracts Trade at Rs 5,200 Strike Price

Hero MotoCorp Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, HEROMOTOCO, is currently valued at Rs 5,268.5, with a notable expiry date for the put options set for September 30, 2025. The strike price for these puts is Rs 5,200, and a total of 6,619 contracts have been traded, resulting in a turnover of Rs 324.86 lakhs. Open interest stands at 1,769 contracts, indicating a significant level of activity in this option type.
In terms of performance, Hero MotoCorp has outperformed its sector by 0.62% today, marking a trend reversal after two consecutive days of decline. The stock's moving averages reveal that it is currently above the 50-day, 100-day, and 200-day averages, yet below the 5-day and 20-day averages. Despite a one-day return of -0.30%, the stock maintains a high dividend yield of 3.13%. However, investor participation has seen a decline, with delivery volume dropping by 41.02% compared to the five-day average.

Overall, Hero MotoCorp's activity in the options market reflects a dynamic trading environment, with key metrics indicating both resilience and challenges in current market conditions.