Notable Tuesday Option Activity: MNOV, UAL, GS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Medicinova Inc (MNOV), where a total volume of 917 contracts has been traded thus far today, a contract volume which is representative of approximately 91,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 154.2% of MNOV's average daily trading volume over the past month, of 59,475 shares..