Noteworthy Friday Option Activity: NVCR, VHC, TERP

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in NovoCure Ltd (NVCR), where a total volume of 2,164 contracts has been traded thus far today, a contract volume which is representative of approximately 216,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.1% of NVCR's average daily trading volume over the past month, of 400,365 shares. Especially high volume was seen for the $10 strike call option expiring December 16, 2016, with 1,011 contracts trading so far today, representing approximately 101,100 underlying shares of NVCR. Below is a chart showing NVCR's trailing twelve month trading history, with the $10 strike highlighted in orange:

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VirnetX Holding Corp ( VHC) saw options trading volume of 1,735 contracts, representing approximately 173,500 underlying shares or approximately 53.9% of VHC's average daily trading volume over the past month, of 321,665 shares. Especially high volume was seen for the $2 strike put option expiring December 16, 2016, with 450 contracts trading so far today, representing approximately 45,000 underlying shares of VHC. Below is a chart showing VHC's trailing twelve month trading history, with the $2 strike highlighted in orange:

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And TerraForm Power Inc ( TERP) saw options trading volume of 3,993 contracts, representing approximately 399,300 underlying shares or approximately 49.8% of TERP's average daily trading volume over the past month, of 802,230 shares. Especially high volume was seen for the $15 strike call option expiring December 16, 2016, with 2,500 contracts trading so far today, representing approximately 250,000 underlying shares of TERP. Below is a chart showing TERP's trailing twelve month trading history, with the $15 strike highlighted in orange:

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For the various different available expirations for NVCR options, VHC options, or TERP options, visit StockOptionsChannel.com.

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