Noteworthy Friday Option Activity: AAL, WBA, LYV

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Airlines Group Inc (AAL), where a total volume of 236,274 contracts has been traded thus far today, a contract volume which is representative of approximately 23.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 61.5% of AAL's average daily trading volume over the past month, of 38.4 million shares..