Brighthouse Financial (BHF) and Velocity Financial (VEL) experienced significantly elevated options trading volume. BHF's options volume reached 206.9% of its average daily share volume, with notable activity in the $55 strike put option expiring July 2025. Similarly, VEL's options volume hit 149.5% of its average daily share volume, driven by activity in the $17.50 strike put option expiring June 2025, suggesting increased hedging or speculative activity in these names.
Brighthouse Financial Inc. (BHF) experienced a significant surge in options trading activity, with volume reaching 16,932 contracts, equivalent to approximately 1.7 million underlying shares. This represents a substantial 206.9% of BHF's average daily share volume of 818,185 shares over the past month. A notable concentration of this activity was observed in the $55 strike put option expiring July 18, 2025, which accounted for 8,672 contracts, representing approximately 867,200 underlying shares. Similarly, Velocity Financial Inc. (VEL) recorded options trading volume of 2,000 contracts, or 149.5% of its recent average daily share volume of 133,810 shares. For VEL, the $17.50 strike put option expiring June 20, 2025, was particularly active, with 2,000 contracts traded, representing approximately 200,000 underlying shares. This heightened put option activity in both BHF and VEL indicates a potential increase in hedging strategies against downside risk or speculative positioning for price declines at these specific strike levels and future dates.
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