Hero MotoCorp Sees Surge in Call Options with 8,126 Contracts at Rs 4,600 Strike

Hero MotoCorp Ltd. has emerged as one of the most active stocks today, reflecting significant trading activity in the options market. The company, operating within the midcap segment of the automobiles industry, has seen a notable focus on its call options, particularly with an expiry date set for August 28, 2025. The strike price for these options is Rs 4,600, with 8,126 contracts traded, resulting in a turnover of approximately Rs 1,369.19 lakhs. The open interest stands at 4,142 contracts, indicating ongoing interest in this option.
In terms of performance, Hero MotoCorp has outperformed its sector by 1.59%, recovering from two consecutive days of decline. The stock reached an intraday high of Rs 4,660, marking a gain of 2.14% for the day. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend reversal.

Despite a decrease in delivery volume, which has fallen by 53.12% compared to the 5-day average, the stock maintains a high dividend yield of 3.61% at its current price. With a market capitalization of Rs 92,310 crore, Hero MotoCorp continues to demonstrate liquidity, supporting a trade size of Rs 9.34 crore based on 2% of the 5-day average traded value. Overall, the activity surrounding Hero MotoCorp reflects a dynamic trading environment in the midcap automobile sector.