Surge in Hero MotoCorp Ltd. Put Options: 6,699 Contracts at Rs 4,400 Strike

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 the put options segment. The company’s underlying stock, HEROMOTOCO, is currently valued at Rs 4420.1, with a notable expiry date for the put options set for July 31, 2025.
Today, 6,699 contracts of the put option with a strike price of Rs 4,400 were traded, resulting in a turnover of approximately Rs 1,187.23 lakhs. The open interest for this option stands at 755 contracts, indicating a significant level of activity and interest among traders.

In terms of performance, Hero MotoCorp's stock has shown resilience, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has experienced a narrow trading range of Rs 34.7 today, with a one-day return of -0.06%, slightly underperforming the sector's return of 0.06%. Additionally, the stock boasts a high dividend yield of 3.17% at its current price, reflecting its attractiveness to income-focused investors.

Overall, the activity in Hero MotoCorp's put options highlights the ongoing engagement in the stock, amidst a backdrop of stable liquidity and rising investor participation.