Notable Thursday Option Activity: SRPT, LNC, NOVA

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Sarepta Therapeutics Inc (SRPT), where a total volume of 6,185 contracts has been traded thus far today, a contract volume which is representative of approximately 618,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 86.3% of SRPT's average daily trading volume over the past month, of 716,965 shares..