Significant Options Activity for Wednesday: LUV, BSX, HPQ

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Southwest Airlines Co (LUV) has reported significant trading activity today, with a total of 48,230 contracts exchanged, representing about 4.8 million underlying shares. This volume constitutes 44.4% of LUV’s average daily trading volume of 10.9 million shares over the past month. The most notable trading activity involved the $36 strike put option expiring on July 25, 2025, with 15,881 contracts traded, equating to approximately 1.6 million underlying shares.

Boston Scientific Corp. (BSX) also showed notable options activity, with 31,092 contracts traded, representing around 3.1 million underlying shares. This figure is 41.6% of BSX’s average daily trading volume of 7.5 million shares for the past month, particularly for the $110 strike call option expiring on August 15, 2025, which had 7,129 contracts traded, approximately 712,900 underlying shares.

In addition, HP Inc (HPQ) saw options trading volume reach 32,886 contracts, translating to about 3.3 million underlying shares or 41.6% of HPQ’s average daily volume of 7.9 million shares. High volume was noted for the $26.50 strike call option expiring on July 25, 2025, with 17,190 contracts traded, representing approximately 1.7 million underlying shares.

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