Notable Wednesday Option Activity: LUV, BSX, HPQ

Boston Scientific (BSX) and HP Inc (HPQ) are experiencing significant options trading activity today, with contract volumes for both representing 41.6% of their respective average daily share trading volumes. Notably, high volume was observed in the $110 strike call for BSX expiring August 2025 and the $26.50 strike call for HPQ expiring July 2025, indicating heightened speculative interest or bullish positioning in these long-dated options.

Analysis

Boston Scientific (BSX) and HP Inc. (HPQ) are both experiencing significant options market activity, with today's contract volumes representing a substantial 41.6% of each company's respective average daily share trading volume over the past month. For BSX, this equates to 31,092 contracts, or approximately 3.1 million underlying shares, against a 7.5 million share daily average. For HPQ, options volume reached 32,886 contracts, representing about 3.3 million shares compared to its 7.9 million share average. The activity is notably concentrated in specific long-dated call options, suggesting potential bullish positioning over an extended time horizon. In BSX, high volume was observed in the $110 strike call expiring in August 2025, with 7,129 contracts traded. For HPQ, the focus was even more pronounced, with 17,190 contracts of the $26.50 strike call expiring in July 2025 changing hands, indicating a concentrated bet on share price appreciation over the next year.

Key Decisions for Investors

• The significant volume in long-dated call options for both BSX and HPQ suggests bullish positioning from informed or speculative traders, warranting a review of the companies' long-term fundamental catalysts.
• Investors should monitor the $110 strike for BSX and the $26.50 strike for HPQ as key psychological levels that a notable portion of the options market is targeting for mid-2025.