Noteworthy Tuesday Option Activity: CLVS, ORCL, GBX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Clovis Oncology Inc (CLVS), where a total volume of 35,057 contracts has been traded thus far today, a contract volume which is representative of approximately 3.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.9% of CLVS's average daily trading volume over the past month, of 7.6 million shares..