Hero MotoCorp Ltd. Sees Surge in Active Put Options, 3,293 Contracts at Rs 4200 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 put options. The company’s underlying stock, HEROMOTOCO, is currently valued at Rs 4245.4. Notably, two put options with expiry dates set for July 31, 2025, have garnered significant attention.
The put option with a strike price of Rs 4000 saw 1,983 contracts traded, resulting in a turnover of approximately Rs 153.87 lakhs and an open interest of 1,123 contracts. Meanwhile, the put option with a strike price of Rs 4200 recorded 3,293 contracts traded, with a turnover of around Rs 659.30 lakhs and an open interest of 1,251 contracts.

Despite this activity, Hero MotoCorp's stock has underperformed the sector by 1.43% today, with a one-day return of -1.58%. The stock reached an intraday low of Rs 4211, reflecting a decline of 2.53%. The weighted average price indicates that more volume was traded closer to this low price. While the stock remains above its 50-day and 100-day moving averages, it is currently below its 5-day, 20-day, and 200-day moving averages.

In terms of liquidity, the stock is deemed liquid enough for a trade size of Rs 4.94 crore, supported by a delivery volume of 3.48 lakhs, which has increased by 2.83% against the five-day average. With a market capitalization of Rs 85,046.68 crore, Hero MotoCorp continues to be a significant entity in the large-cap segment of the market.