Significant Thursday Options Activity: TNK, BWA, GLW Insights

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Among the Russell 3000 index components, significant options trading activity was reported for Teekay Tankers Ltd (TNK), with 2,883 contracts traded today, equating to approximately 288,300 underlying shares. This represents 48.8% of TNK’s average daily volume of 590,565 shares, particularly with 1,251 contracts of the $75 strike put option expiring March 20, 2026, which translates to around 125,100 shares.

BorgWarner Inc (BWA) experienced 21,820 contracts traded, or about 2.2 million underlying shares, making up 48.6% of its average daily volume of 4.5 million shares. A notable focus was on the $70 strike call option expiring May 15, 2026, with 10,249 contracts traded corresponding to roughly 1.0 million shares.

Corning Inc (GLW) saw an even higher volume of 61,038 contracts, representing around 6.1 million shares, accounting for 46.4% of its average daily volume of 13.2 million shares. The $200 strike call option expiring April 17, 2026, drew particular attention with 4,068 contracts traded, equating to approximately 406,800 underlying shares.

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