Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Rapid7 Inc (NASD: RPD), where a total volume of 1,020 contracts has been traded thus far today, a contract volume which is representative of approximately 102,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 62.8% of RPD's average daily trading volume over the past month, of 162,435 shares. Especially high volume was seen for the $12.50 strike put option expiring August 19, 2016, with 925 contracts trading so far today, representing approximately 92,500 underlying shares of RPD. Below is a chart showing RPD's trailing twelve month trading history, with the $12.50 strike highlighted in orange:
|