Hero MotoCorp's Call Options Surge: 7,231 Contracts at Rs 4500 Strike Price Highlight Activity

Hero MotoCorp Ltd. has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The underlying stock, HEROMOTOCO, is currently valued at Rs 4524. Notably, the call option with a strike price of Rs 4500 saw the highest trading volume, with 7,231 contracts exchanged, resulting in a turnover of approximately Rs 1,488.25 lakhs and an open interest of 1,935 contracts.
Other notable call options include the Rs 4600 strike price, which recorded 9,581 contracts traded and a turnover of Rs 1,260.81 lakhs, and the Rs 4550 strike price with 4,552 contracts traded and a turnover of Rs 766.51 lakhs. The Rs 4700 strike price also saw considerable activity, with 4,849 contracts traded and a turnover of Rs 373.86 lakhs.

In terms of performance, Hero MotoCorp has outperformed its sector by 1.26%, reaching an intraday high of Rs 4580, a 2.35% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. With a market capitalization of Rs 91,231 crore, Hero MotoCorp continues to demonstrate robust liquidity and investor participation, highlighted by a delivery volume increase of 13.6% compared to the 5-day average. Overall, the activity surrounding Hero MotoCorp underscores its position in the mid-cap automobile sector.