Noteworthy Wednesday Option Activity: LAD, NEM, ABBV

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lithia Motors Inc (LAD), where a total volume of 782 contracts has been traded thus far today, a contract volume which is representative of approximately 78,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.9% of LAD's average daily trading volume over the past month, of 186,690 shares..