Notable Monday Option Activity: ARCH, LII, BC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Arch Coal Inc (ARCH), where a total volume of 1,038 contracts has been traded thus far today, a contract volume which is representative of approximately 103,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 62.5% of ARCH's average daily trading volume over the past month, of 166,035 shares..