Notable Friday Option Activity: BX, TGTX, ALGM

TG Therapeutics (TGTX) and Allegro MicroSystems (ALGM) experienced notable options activity, with volumes reaching approximately 45% of their average daily share trading volume. Specifically, the TGTX July 2025 $50 call option saw 1,795 contracts traded, while the ALGM August 2025 $22.50 put option had 7,500 contracts change hands, indicating potentially significant directional bets on these stocks.

Analysis

Significant and unusual options activity was observed in both TG Therapeutics (TGTX) and Allegro MicroSystems (ALGM), with total options volumes representing approximately 44.9% and 44.2% of their respective average daily share volumes. For TGTX, the activity was concentrated in the July 2025 $50 strike call options, where 1,795 contracts were traded. This represents a notable, long-term bullish bet, as it implies speculation on the stock price appreciating significantly above the $50 level over the next year. Conversely, Allegro MicroSystems saw a highly concentrated bearish signal, with 7,500 contracts of the August 2025 $22.50 strike put option changing hands. This single option series accounted for the vast majority of the day's options volume, indicating a substantial position being taken on the expectation that ALGM's stock will decline below $22.50 by the expiration date, or a significant hedging of an existing long position.

Key Decisions for Investors

• For TG Therapeutics, the concentrated volume in long-dated, out-of-the-money call options signals a potentially significant bullish bet, prompting investors to scrutinize the company's fundamental catalysts that could justify such a price move.
• Regarding Allegro MicroSystems, the substantial activity in a single long-dated put option warrants caution, suggesting investors should review potential downside risks or consider hedging long positions, as this could indicate a large bearish position or a significant institutional hedge.
• This options activity should be viewed as a signal of market sentiment rather than a definitive forecast; it is crucial to complement this data with fundamental analysis before making any investment decisions.