Noteworthy Monday Option Activity: GOGO, USFD, CBMG

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Gogo Inc (GOGO), where a total volume of 44,733 contracts has been traded thus far today, a contract volume which is representative of approximately 4.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 101.1% of GOGO's average daily trading volume over the past month, of 4.4 million shares..