Notable Thursday Option Activity: NXPI, CREE, JNJ

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in NXP Semiconductors NV (NXPI), where a total volume of 38,775 contracts has been traded thus far today, a contract volume which is representative of approximately 3.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.8% of NXPI's average daily trading volume over the past month, of 6.8 million shares..