Noteworthy Tuesday Option Activity: MGM, BIG, GPRO
May 24, 2016 at 15:27 PM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MGM Resorts International (MGM), where a total volume of 24,938 contracts has been traded thus far today, a contract volume which is representative of approximately 2.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.4% of MGM's average daily trading volume over the past month, of 5.4 million shares..