Noteworthy Tuesday Option Activity: BIIB, MNMD, CVM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Biogen Inc (BIIB), where a total volume of 4,624 contracts has been traded thus far today, a contract volume which is representative of approximately 462,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 50.3% of BIIB's average daily trading volume over the past month, of 918,890 shares..
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