Noteworthy Thursday Option Activity: BCRX, TECD, JACK

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in BioCryst Pharmaceuticals Inc (BCRX), where a total volume of 6,570 contracts has been traded thus far today, a contract volume which is representative of approximately 657,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.2% of BCRX's average daily trading volume over the past month, of 1.5 million shares..