Noteworthy Tuesday Option Activity: CYTR, BIIB, Z
June 07, 2016 at 11:40 AM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in CytRx Corp (CYTR), where a total volume of 14,664 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 146.5% of CYTR's average daily trading volume over the past month, of 1.0 million shares..