Many locals and visitors spend a good portion of their time here fishing and with good reason, there's a wide variety of fish in this area. For example, and I got this from "George's Outer Banks Fishing Page" (see address below) here's a few kinds of fish you might catch:
JANUARY: Trout, Sea Bass, Blue Fish, Bluefin/Yellowfin Tuna, Oysters and Clams.
FEBRUARY Trout, Sea Bass, Blue Fish, Bluefin/Yellowfin Tuna, Oysters and Clams.
MARCH Grouper, Sea Trout, Sea Bass, Bluefish, Croaker, Bluefin/Yellowfin Tuna, Oysters,
APRIL Bluefish, Red/Puppy Drum, Grouper, Snapper, Croaker, Sea Trout, Sea Mullet, some King Mackerel,
MAY King Mackerel, Bluefish, Grouper, Cobia, Tuna, Dolphin, some Wahoo, Crabs, Soft Crabs,
JUNE Blue/White Marlin, Dolphin, Wahoo, Cobia, King Mackerel, Bluefish, Tuna, Flounder, Snapper, Grouper, Spanish Mackerel, Crabs, Soft Crabs and Shrimp.
JULY Dolphin, Wahoo, Blue/White Marlin, Sailfish, Snapper, Grouper, Sea Mullet, Flounder, Bluefish, Spanish Mackerel, Shrimp, Crabs and some Soft Crabs.
AUGUST Blue/White Marlin, Dolphin, Wahoo, Tuna, Grouper, Snapper, Bluefish, Spanish Mackerel, Flounder,
SEPTEMBER Blue/White Marlin, Tuna, Grouper, Snapper, Spanish/King Mackerel, Spot, Bluefish, Speckled Trout, Sea Mullet, .
OCTOBER King Mackerel, Tuna, Bluefish, Snapper, Grouper, Red/Puppy Drum, Spot, Speckled Trout
NOVEMBER King Mackerel, Tuna, Bluefish, Speckled Trout, Flounder, Snapper, Grouper, Clams
DECEMBER Tuna, Bluefish, Flounder, Speckled Trout, Oysters, Clams, Sea Trout, some Sea Bass
Equipment: Fishing equipment seems like a good suggestion
The Outer Banks is known to have great surfing conditions. But it is also known to be the "Graveyard of the Atlantic" Both are because it's the place where the Gulf Stream meets the Altantic current, so there are some large waves and dangerous riptides. There are always people surfing here, though and when we were there in late October, there was a surfing competition.
Equipment: You can rent this stuff, but if you have your own suit and board, bring it, I suppose.
On the Outer Banks, there are ample opportunities to be active...hang gliding is very popular choice at Jockey's Ridge State Park, located in Nags Head/Kill Devil Hills(north of Hatteras Island) There's even a school right there to teach you. Since the Wright Bros. took off from here because of the wind, you know there's a great chance it's going to very windy when you go. Also, Jockey's Ridge offers a great place to watch sunsets, hike, sail/sandboard or just hang out.
Equipment: There's places to rent such things, you have to certified to fly or register with the school, I think. The details are on the website