Surge in Options Trading for Madison Square Garden, BridgeBio, and Scorpio Tankers

Highlights of Active Contracts Show Significant Market Interest

Among the stocks listed in the Russell 3000 index, Madison Square Garden Entertainment Corp (Symbol: MSGE) experienced a remarkable uptick in options trading today. A total of 8,035 contracts have changed hands, which corresponds to about 803,500 underlying shares. This figure represents approximately 178% of MSGE’s average daily trading volume over the past month, which stands at 451,350 shares. Notably, the $20 strike call option expiring on January 17, 2025, accounted for much of this activity, with 4,000 contracts traded, translating to roughly 400,000 underlying shares of MSGE. The chart below illustrates MSGE’s trading history over the past twelve months, with the $20 strike clearly marked in orange:

BridgeBio Pharma Inc (Symbol: BBIO) also saw significant options trading today. A total of 24,234 contracts were traded, representing around 2.4 million underlying shares. This equates to approximately 145.8% of BBIO’s average daily trading volume of 1.7 million shares over the past month. The $30 strike call option expiring on January 17, 2025, was particularly active, with 6,795 contracts traded, amounting to roughly 679,500 underlying shares of BBIO. The chart below displays BBIO’s trading history for the last twelve months, with the $30 strike highlighted in orange:

Turning to Scorpio Tankers Inc (Symbol: STNG), options trading today reached 14,581 contracts, corresponding to approximately 1.5 million underlying shares. This volume represents a significant 142.2% of STNG’s average daily trading volume of 1.0 million shares over the past month. High activity was noted for the $50 strike put option expiring on April 17, 2025, with 3,015 contracts trading, equating to around 301,500 underlying shares of STNG. Below is a chart showing STNG’s trailing twelve-month trading history, with the $50 strike indicated in orange:

For more information on available expirations for MSGE, BBIO, or STNG options, visit StockOptionsChannel.com.

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.