Hero MotoCorp Ltd. Sees Surge in Active Call Options with 15,315 Contracts at Rs 5,300

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, is currently valued at Rs 5,294.5. Notably, several call options with an expiry date of September 30, 2025, have seen significant trading activity.
The call option with a strike price of Rs 5,300 led the activity with 15,315 contracts traded, resulting in a turnover of approximately Rs 3,116.68 lakhs. Following closely, the Rs 5,400 strike price option recorded 8,949 contracts traded and a turnover of Rs 1,282.35 lakhs, while the Rs 5,500 strike price option saw 8,963 contracts traded with a turnover of Rs 891.37 lakhs. The open interest for these options stands at 2,353 for the Rs 5,400 strike, 1,717 for the Rs 5,500 strike, and 2,293 for the Rs 5,300 strike.

Despite this activity, Hero MotoCorp has underperformed its sector by 0.35% today, with a 1D return of -0.67%. The stock has experienced a trend reversal, falling after two consecutive days of gains. However, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend. The stock's liquidity is adequate for trades up to Rs 12.04 crore, although delivery volume has decreased significantly by 50.43% compared to the 5-day average.

In summary, Hero MotoCorp's active options trading reflects ongoing interest, despite recent performance challenges.