Notable Thursday Option Activity: TERP, SRPT, QRVO

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in TerraForm Power Inc (TERP), where a total volume of 3,083 contracts has been traded thus far today, a contract volume which is representative of approximately 308,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.2% of TERP's average daily trading volume over the past month, of 714,035 shares. Particularly high volume was seen for the $14 strike call option expiring November 18, 2016, with 1,988 contracts trading so far today, representing approximately 198,800 underlying shares of TERP. Below is a chart showing TERP's trailing twelve month trading history, with the $14 strike highlighted in orange:

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Sarepta Therapeutics Inc ( SRPT) options are showing a volume of 12,980 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 42.1% of SRPT's average daily trading volume over the past month, of 3.1 million shares. Especially high volume was seen for the $40 strike call option expiring January 20, 2017, with 2,462 contracts trading so far today, representing approximately 246,200 underlying shares of SRPT. Below is a chart showing SRPT's trailing twelve month trading history, with the $40 strike highlighted in orange:

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And Qorvo Inc ( QRVO) options are showing a volume of 4,649 contracts thus far today. That number of contracts represents approximately 464,900 underlying shares, working out to a sizeable 41.5% of QRVO's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $60 strike call option expiring November 18, 2016, with 2,169 contracts trading so far today, representing approximately 216,900 underlying shares of QRVO. Below is a chart showing QRVO's trailing twelve month trading history, with the $60 strike highlighted in orange:

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For the various different available expirations for TERP options, SRPT options, or QRVO options, visit StockOptionsChannel.com.

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