Notable Wednesday Option Activity: MRVL, GPI, AMBC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Marvell Technology Inc (MRVL), where a total volume of 95,574 contracts has been traded thus far today, a contract volume which is representative of approximately 9.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.2% of MRVL's average daily trading volume over the past month, of 18.0 million shares..