Noteworthy Wednesday Option Activity: FDML, HPT, ADTN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Federal-Mogul Holdings Corp (FDML), where a total volume of 2,690 contracts has been traded thus far today, a contract volume which is representative of approximately 269,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 261.8% of FDML's average daily trading volume over the past month, of 102,750 shares..