Notable Friday Option Activity: OTIC, IGT, WTTR

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Otonomy Inc (OTIC), where a total volume of 3,163 contracts has been traded thus far today, a contract volume which is representative of approximately 316,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.3% of OTIC's average daily trading volume over the past month, of 571,815 shares..