Notable Friday Option Activity: ESL, GTXI, CMG

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Esterline Technologies Corp (ESL), where a total volume of 12,352 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 584.2% of ESL's average daily trading volume over the past month, of 211,445 shares..