Noteworthy Monday Option Activity: TTNP, MBI, PM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Titan Pharmaceuticals Inc (TTNP), where a total volume of 4,192 contracts has been traded thus far today, a contract volume which is representative of approximately 419,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 519.9% of TTNP's average daily trading volume over the past month, of 80,625 shares..