Noteworthy Tuesday Option Activity: AVXL, CHNG, ILMN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Anavex Life Sciences Corp (AVXL), where a total volume of 4,879 contracts has been traded thus far today, a contract volume which is representative of approximately 487,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 57.4% of AVXL's average daily trading volume over the past month, of 850,700 shares..