Noteworthy Friday Option Activity: SWHC, WHR, CBI

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Smith & Wesson Holding Corp (SWHC), where a total volume of 14,468 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.7% of SWHC's average daily trading volume over the past month, of 3.3 million shares..