Noteworthy Wednesday Option Activity: CIEN, ACOR, MTN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Ciena Corp (CIEN), where a total volume of 22,524 contracts has been traded thus far today, a contract volume which is representative of approximately 2.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 94.7% of CIEN's average daily trading volume over the past month, of 2.4 million shares..