Notable Wednesday Option Activity: WIFI, RUTH, SNA

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Boingo Wireless Inc (WIFI), where a total volume of 2,090 contracts has been traded thus far today, a contract volume which is representative of approximately 209,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 61.2% of WIFI's average daily trading volume over the past month, of 341,300 shares..