Noteworthy Tuesday Option Activity: SRNE, RAIL, FEYE

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Sorrento Therapeutics Inc ( SRNE), where a total of 1,252 contracts have traded so far, representing approximately 125,200 underlying shares. That amounts to about 51.1% of SRNE's average daily trading volume over the past month of 244,825 shares. Particularly high volume was seen for the $5 strike call option expiring March 17, 2017, with 1,075 contracts trading so far today, representing approximately 107,500 underlying shares of SRNE. Below is a chart showing SRNE's trailing twelve month trading history, with the $5 strike highlighted in orange:

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FreightCar America Inc ( RAIL) options are showing a volume of 526 contracts thus far today. That number of contracts represents approximately 52,600 underlying shares, working out to a sizeable 50.6% of RAIL's average daily trading volume over the past month, of 103,930 shares. Especially high volume was seen for the $10 strike put option expiring June 16, 2017, with 226 contracts trading so far today, representing approximately 22,600 underlying shares of RAIL. Below is a chart showing RAIL's trailing twelve month trading history, with the $10 strike highlighted in orange:

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And FireEye Inc ( FEYE) options are showing a volume of 18,413 contracts thus far today. That number of contracts represents approximately 1.8 million underlying shares, working out to a sizeable 49.3% of FEYE's average daily trading volume over the past month, of 3.7 million shares. Especially high volume was seen for the $11 strike put option expiring November 04, 2016, with 4,695 contracts trading so far today, representing approximately 469,500 underlying shares of FEYE. Below is a chart showing FEYE's trailing twelve month trading history, with the $11 strike highlighted in orange:

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For the various different available expirations for SRNE options, RAIL options, or FEYE options, visit StockOptionsChannel.com.

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