Noteworthy Monday Option Activity: BIIB, BLDR, SCTY

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Biogen Inc (NASD: BIIB), where a total volume of 12,600 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 68.2% of BIIB’s average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $320 strike call option expiring August 19, 2016, with 664 contracts trading so far today, representing approximately 66,400 underlying shares of BIIB. Below is a chart showing BIIB’s trailing twelve month trading history, with the $320 strike highlighted in orange:

http://www.forbes.com/sites/dividendchannel/2016/08/01/noteworthy-monday-option-activity-biib-bldr-scty/