Notable Tuesday Option Activity: FCX, BLK, CHDN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Freeport-McMoran Copper & Gold (FCX), where a total volume of 72,554 contracts has been traded thus far today, a contract volume which is representative of approximately 7.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.5% of FCX's average daily trading volume over the past month, of 13.8 million shares..