Significant Friday Options Trading: BX, TGTX, ALGM

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On October 11, 2023, notable options trading volume was reported in several companies within the Russell 3000 index. Blackstone Inc (BX) saw 14,351 contracts traded, equating to approximately 1.4 million underlying shares, which is 44.9% of its average daily volume of 3.2 million shares. The $135 strike put option expiring June 20, 2025, accounted for 3,401 contracts.

TG Therapeutics Inc (TGTX) experienced trading of 7,565 contracts, or about 756,500 underlying shares, also representing 44.9% of its average daily volume of 1.7 million shares. High volume was observed for the $50 strike call option expiring July 25, 2025, with 1,795 contracts traded.

Allegro MicroSystems Inc (ALGM) recorded options trading of 7,659 contracts, approximately 765,900 underlying shares, which is 44.2% of its average daily volume of 1.7 million shares. The $22.50 strike put option expiring August 15, 2025, had particularly high volume with 7,500 contracts traded.

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