Notable Tuesday Option Activity: ICPT, ULTA, IFF

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Intercept Pharmaceuticals Inc (ICPT), where a total volume of 2,437 contracts has been traded thus far today, a contract volume which is representative of approximately 243,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.3% of ICPT's average daily trading volume over the past month, of 576,740 shares..