Hero MotoCorp Sees Surge in Call Options with 9,747 Contracts Trading at Rs 4,400 Strike

Hero MotoCorp Ltd., a prominent player in the automobiles sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, HEROMOTOCO, has seen significant activity with 9,747 call contracts traded, reflecting a turnover of approximately Rs 1,006.47 lakhs. The options have an expiry date set for July 31, 2025, with a strike price of Rs 4,400. Open interest stands at 2,879 contracts, indicating ongoing interest in this option.
In terms of performance, Hero MotoCorp has outperformed its sector by 1.38%, marking a consecutive gain over the last three days with a total return of 3.05% during this period. The stock's current value is Rs 4,358.10, which is above the 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Despite a recent decline in delivery volume, which fell by 26.23% against the 5-day average, the stock maintains a high dividend yield of 3.24%. With a market capitalization of Rs 87,016.83 crore, Hero MotoCorp continues to demonstrate liquidity suitable for trades around Rs 5.96 crore. Overall, the activity surrounding Hero MotoCorp reflects a dynamic trading environment within the large-cap automobile sector.