Options

Noteworthy Wednesday Option Activity: BIIB, OXY, BSX

Among the underlying components of the Russell 3000 index, today’s options trading volume has shown significant activity, particularly in Biogen Inc (Symbol: BIIB). A total of 7,540 contracts have been traded, which translates to approximately 754,000 underlying shares. This figure represents about 45.9% of BIIB’s average daily trading volume over the past month, which stands at 1.6 million shares.

Notably, the $137 strike put option expiring October 17, 2025 has seen especially high volume, with 872 contracts traded today, equating to around 87,200 underlying shares of BIIB. Below is a chart illustrating BIIB’s trailing twelve-month trading history, with the $137 strike highlighted in orange:

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In addition, Occidental Petroleum Corp (Symbol: OXY) has also experienced a surge in options trading, with 43,204 contracts traded thus far today. This volume represents approximately 4.3 million underlying shares, accounting for a substantial 45.8% of OXY’s average daily trading volume over the past month, which is 9.4 million shares.

The $43.50 strike put option expiring October 10, 2025 has attracted particular attention, with 4,008 contracts traded today, representing about 400,800 underlying shares of OXY. Below is a chart depicting OXY’s trailing twelve-month trading history, with the $43.50 strike highlighted in orange:

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Furthermore, Boston Scientific Corp. (Symbol: BSX) has recorded an impressive options volume of 49,800 contracts today. This volume translates to approximately 5.0 million underlying shares, which is about 45.4% of BSX’s average daily trading volume over the past month, totaling 11.0 million shares.

The $98 strike call option expiring October 10, 2025 has seen particularly high activity, with 20,686 contracts traded today, representing around 2.1 million underlying shares of BSX. Below is a chart showing BSX’s trailing twelve-month trading history, with the $98 strike highlighted in orange:

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For various available expirations for BIIB options, OXY options, or BSX 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.