Notable Monday Option Activity: BHVN, VRA, XL

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Biohaven Pharmaceutical Holding Co Ltd (BHVN), where a total volume of 1,642 contracts has been traded thus far today, a contract volume which is representative of approximately 164,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.9% of BHVN's average daily trading volume over the past month, of 374,400 shares..
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