Notable Friday Option Activity: LAMR, S, SIRI

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lamar Advertising Co (LAMR), where a total volume of 2,052 contracts has been traded thus far today, a contract volume which is representative of approximately 205,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.4% of LAMR's average daily trading volume over the past month, of 442,010 shares..