Significant Midweek Options Activity in WVE, BWA, and UPST

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On October 17, 2023, options trading volume for Wave Life Sciences Ltd (WVE) surged to 10,243 contracts, equating to approximately 1.0 million underlying shares—about 58.6% of its average daily volume of 1.7 million shares over the past month. Notable trading activity focused on the $10 strike call option expiring January 16, 2026, with 5,052 contracts traded, representing around 505,200 underlying shares.

BorgWarner Inc (BWA) also had significant options activity, with 12,660 contracts traded, accounting for roughly 1.3 million underlying shares and 58.4% of its average daily volume of 2.2 million shares. The $42.50 strike call option expiring October 17, 2025, was particularly active, seeing 10,327 contracts exchanged, or about 1.0 million underlying shares.

Upstart Holdings Inc (UPST) experienced 42,429 contracts traded today, translating to approximately 4.2 million underlying shares, which is 57.7% of its average daily volume of 7.3 million shares. The $70 strike call option expiring August 15, 2025, saw 3,068 contracts traded, representing about 306,800 underlying shares.

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