Noteworthy Monday Option Activity: MHGC, LHCG, HII
May 09, 2016 at 11:31 AM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Morgans Hotel Group Co (MHGC), where a total volume of 450 contracts has been traded thus far today, a contract volume which is representative of approximately 45,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.1% of MHGC's average daily trading volume over the past month, of 106,935 shares..