HomeMarket NewsSignificant Options Trades on Wednesday: BWXT, BYD, ARQT Insights

Significant Options Trades on Wednesday: BWXT, BYD, ARQT Insights

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Major Activity in Options Trading: BWXT, BYD, and ARQT Take the Spotlight

High Volume Highlights for BWX Technologies, Boyd Gaming, and Arcutis Biotherapeutics

In today’s trading session within the Russell 3000 index, BWX Technologies Inc (Symbol: BWXT) stood out with significant options trading volume. A total of 6,329 contracts have exchanged hands, which translates to approximately 632,900 underlying shares. This figure represents about 75.8% of BWXT’s average daily trading volume of 835,215 shares over the past month. Notably, the $130 strike call option expiring on November 15, 2024, witnessed strong interest, with 1,351 contracts traded, accounting for around 135,100 underlying shares of BWXT. Below is a chart illustrating BWXT’s trading history over the last twelve months, highlighting the $130 strike in orange:

Loading chart — 2024 TickerTech.com

Boyd Gaming Corp. (Symbol: BYD) also experienced notable activity, with 5,372 options contracts traded today. This volume corresponds to approximately 537,200 underlying shares, or about 75.2% of BYD’s average daily trading volume of 714,525 shares in the last month. The $65 strike call option expiring on October 18, 2024, was particularly active, garnering 3,156 contracts traded, equivalent to around 315,600 underlying shares of BYD. The following chart captures BYD’s trading history over the past year, with the $65 strike marked in orange:

Loading chart — 2024 TickerTech.com

Arcutis Biotherapeutics Inc (Symbol: ARQT) is also gaining attention with 14,183 options contracts traded so far. This activity represents about 1.4 million underlying shares, amounting to a substantial 72.4% of ARQT’s average daily trading volume of 2.0 million shares in the past month. The $12.50 strike call option expiring on November 15, 2024, saw particularly high activity, with 7,044 contracts traded, equating to roughly 704,400 underlying shares of ARQT. Below is a chart depicting ARQT’s trading history for the last twelve months, where the $12.50 strike is highlighted in orange:

Loading chart — 2024 TickerTech.com

For more information on available expirations for BWXT, BYD, or ARQT options, 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.

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