Hero MotoCorp Ltd. Sees Surge in Call Options with 8,713 Contracts at 4700 Strike

Hero MotoCorp Ltd. has emerged as one of the most active stocks today, particularly in the options market. The company, operating within the mid-cap automobile sector, has seen significant trading activity in call options with expiry set for August 28, 2025. Notably, the call option with a strike price of 4700 recorded 8,713 contracts traded, generating a turnover of approximately Rs 1,426.54 lakhs, while the 4800 strike price option saw 4,812 contracts traded with a turnover of around Rs 478.26 lakhs.
The underlying value of Hero MotoCorp stands at Rs 4,644.80, with open interest for the 4700 strike at 2,834 contracts and for the 4800 strike at 1,760 contracts.

In terms of performance metrics, Hero MotoCorp is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock's delivery volume has also surged, with an increase of 198.56% compared to the 5-day average, reflecting rising investor participation. Despite a slight decline of 0.02% in the stock's 1-day return, it remains aligned with sector performance, which saw a 0.15% drop.

In summary, Hero MotoCorp's active trading in options and solid performance indicators highlight its current market position within the automobile industry.