Noteworthy Wednesday Option Activity: NBR, REI, LQDA

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Nabors Industries Ltd (NBR), where a total volume of 4,560 contracts has been traded thus far today, a contract volume which is representative of approximately 456,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 109.8% of NBR's average daily trading volume over the past month, of 415,195 shares..