Hero MotoCorp's Rs 5,500 Call Options See 3,360 Contracts Traded Amid High Turnover

Hero MotoCorp Ltd., a prominent player in the midcap automobile sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, HEROMOTOCO, saw significant activity with 3,360 call contracts traded, reflecting a turnover of approximately Rs 778.48 lakhs. The options have an expiry date set for October 28, 2025, with a strike price of Rs 5,500. Currently, the underlying value of Hero MotoCorp stands at Rs 5,459, indicating a close proximity to the strike price.
Despite this activity, Hero MotoCorp underperformed its sector by 0.48% today, with a 1-day return of -0.08%. In contrast, the broader market, represented by the Sensex, recorded a 1-day return of 0.23%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in the longer term. However, investor participation appears to be declining, with delivery volume dropping by 62.73% compared to the 5-day average.

Hero MotoCorp also boasts a high dividend yield of 3.01%, and its liquidity remains robust, accommodating trade sizes of up to Rs 24.2 crores based on 2% of the 5-day average traded value. Overall, the activity surrounding Hero MotoCorp reflects a complex interplay of market dynamics, with notable trading volumes and performance metrics warranting attention.