Noteworthy Friday Option Activity: WDR, ITCI, MED

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Waddell & Reed Financial Inc (WDR), where a total volume of 4,212 contracts has been traded thus far today, a contract volume which is representative of approximately 421,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55% of WDR's average daily trading volume over the past month, of 765,895 shares..