Options Trading Surges in Wave Life Sciences, PureCycle Technologies, and AST SpaceMobile
Investors are taking a closer look as notable options trading volumes emerge in stocks tied to the Russell 3000 index.
Wave Life Sciences Sees Significant Activity
In Wave Life Sciences Ltd (Symbol: WVE), options trading reached a striking 13,451 contracts today, which translates to about 1.3 million underlying shares. This figure accounts for approximately 52% of WVE’s average daily trading volume of 2.6 million shares over the past month. A standout was the $12.50 strike put option expiring on January 17, 2025, where 2,423 contracts have traded, equating to around 242,300 underlying shares of WVE. Below is a chart displaying WVE’s trading history over the past year, with the highlighted $12.50 strike in orange:
PureCycle Technologies Trends Upward
Turning to PureCycle Technologies Inc (Symbol: PCT), today saw options trading volume at 11,684 contracts, which corresponds to around 1.2 million underlying shares. This also represents about 52% of PCT’s average daily trading volume of 2.2 million shares over the past month. A notable transaction involved the $10 strike call option, expiring on October 18, 2024, with 2,946 contracts trading, indicating approximately 294,600 underlying shares of PCT. A chart of PCT’s trading history over the past year is shown below, with the $10 strike highlighted in orange:
AST SpaceMobile’s Impressive Volume
AST SpaceMobile Inc (Symbol: ASTS) registered the highest activity today with an options trading volume of 55,276 contracts, increasing the total to about 5.5 million underlying shares. This volume constitutes approximately 49.6% of ASTS’s average daily trading volume of 11.1 million shares over the last month. Particularly noteworthy was the $26 strike call option expiring on October 18, 2024, which saw 3,204 contracts trade, representing approximately 320,400 underlying shares of ASTS. Below is the trading history chart for ASTS from the past twelve months with the $26 strike highlighted in orange:
For further details regarding the range of options for WVE, PCT, or ASTS, you can visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
