Noteworthy Friday Option Activity: MGM, TEAM, BBBY
January 03, 2020 at 15:17 PM EST
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MGM Resorts International (MGM), where a total volume of 18,731 contracts has been traded thus far today, a contract volume which is representative of approximately 1.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.4% of MGM's average daily trading volume over the past month, of 3.5 million shares..