Noteworthy Friday Option Activity: APEI, LOW, MTN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Public Education Inc (APEI), where a total volume of 464 contracts has been traded thus far today, a contract volume which is representative of approximately 46,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43% of APEI's average daily trading volume over the past month, of 107,945 shares..