Notable Friday Option Activity: SPT, CLFD, BURL

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Sprout Social Inc (SPT), where a total volume of 7,592 contracts has been traded thus far today, a contract volume which is representative of approximately 759,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 111.7% of SPT's average daily trading volume over the past month, of 679,675 shares..