Noteworthy Monday Option Activity: UBNT, VRTU, IMMR

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Ubiquiti Networks Inc (UBNT), where a total volume of 2,553 contracts has been traded thus far today, a contract volume which is representative of approximately 255,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46% of UBNT's average daily trading volume over the past month, of 555,250 shares..