Wednesday Option Highlights: GTES, BHVN, HUBB Activity

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Among the notable options trading today within the Russell 3000 index, Gates Industrial Corp PLC (GTES) saw a significant volume of 13,191 contracts, equating to approximately 1.3 million underlying shares, or 69.6% of its average daily volume of 1.9 million shares. The $28 strike call option expiring August 21, 2026, accounted for 6,006 contracts, representing around 600,600 underlying shares.

Biohaven Ltd (BHVN) experienced a trading volume of 21,311 contracts, which reflects about 2.1 million underlying shares, or 69.3% of its average daily volume of 3.1 million shares. The $15 strike call option expiring July 17, 2026, led the activity with 5,378 contracts, amounting to approximately 537,800 underlying shares.

Hubbell Inc. (HUBB) reported options trading with a volume of 4,427 contracts, translating to roughly 442,700 underlying shares, or 62% of its average daily volume of 713,865 shares. The $550 strike put option expiring March 19, 2027, had a notable volume of 1,085 contracts, or about 108,500 underlying shares.

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