Noteworthy Friday Option Activity: RARE, TEAM, MDT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Ultragenyx Pharmaceutical Inc (RARE), where a total volume of 4,236 contracts has been traded thus far today, a contract volume which is representative of approximately 423,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.6% of RARE's average daily trading volume over the past month, of 710,755 shares..