Notable Friday Option Activity: RPD, COST, FOSL

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Rapid7 Inc (RPD), where a total volume of 1,701 contracts has been traded thus far today, a contract volume which is representative of approximately 170,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 115.5% of RPD's average daily trading volume over the past month, of 147,280 shares..