Notable Friday Option Activity: IMMR, CMG, EBIX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Immersion Corp (IMMR), where a total volume of 5,816 contracts has been traded thus far today, a contract volume which is representative of approximately 581,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 244.3% of IMMR's average daily trading volume over the past month, of 238,060 shares..