Hero MotoCorp Sees Surge in Active Call Options with 6,045 Contracts at Rs 4400 Strike

Hero MotoCorp Ltd., a prominent player in the automobiles sector, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The stock, trading under the ticker HEROMOTOCO, has shown a notable performance, outperforming its sector by 0.52%. Over the past three days, Hero MotoCorp has gained 4.06%, with today's intraday high reaching Rs 4424, marking a 2.61% increase.
In the options market, two key call options have attracted considerable attention. The call option with a strike price of Rs 4500 saw 3,980 contracts traded, generating a turnover of Rs 522.26 lakhs and an open interest of 1,623 contracts. Meanwhile, the Rs 4400 strike price call option recorded 6,045 contracts traded, with a turnover of Rs 1,163.72 lakhs and an open interest of 1,470 contracts. The underlying value for both options stands at Rs 4425.8.

Hero MotoCorp is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, it is worth noting a decline in delivery volume, which has decreased by 15.61% compared to the 5-day average. The stock also boasts a high dividend yield of 4.75% at its current price, further enhancing its appeal in the market. Overall, Hero MotoCorp's performance today underscores its robust position within the large-cap segment of the automobile industry.