Noteworthy Thursday Option Activity: FRED, CMRE, WATT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Fred's Inc. (FRED), where a total volume of 4,577 contracts has been traded thus far today, a contract volume which is representative of approximately 457,700 underlying shares (given that every 1 contract represents 100 underlying shares)..