Hero MotoCorp Call Options Surge: 8,882 Contracts at Rs 5,500 Strike Price

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 5,450.5. Notably, the call options expiring on September 30, 2025, with a strike price of Rs 5,500, have seen significant activity, with 8,882 contracts traded and a turnover of Rs 872.26 lakhs. The open interest stands at 5,083 contracts, indicating a robust interest in these options.
In terms of performance, Hero MotoCorp has shown a consistent upward trend, gaining 3.33% over the past six days, although it underperformed its sector by 0.32% today. The stock's 1-day return is recorded at 0.42%, while the sector's return is at 0.84%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong bullish sentiment.

Additionally, the stock has a high dividend yield of 3.04% and demonstrated rising investor participation, with a delivery volume of 3.86 lakhs on September 22, which is 4.46% higher than the 5-day average. With a market capitalization of Rs 1,08,551 crore, Hero MotoCorp continues to maintain a liquid trading environment, suitable for transactions of Rs 7.28 crore based on 2% of the 5-day average traded value. Overall, the activity surrounding Hero MotoCorp underscores its significant presence in the market today.