Noteworthy Friday Option Activity: NFLX, BURL, RRGB

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Netflix Inc (NFLX), where a total volume of 168,627 contracts has been traded thus far today, a contract volume which is representative of approximately 16.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 152.9% of NFLX's average daily trading volume over the past month, of 11.0 million shares..