Noteworthy Wednesday Option Activity: MO, SIEB, ADTN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Altria Group Inc (MO), where a total volume of 121,460 contracts has been traded thus far today, a contract volume which is representative of approximately 12.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 212.6% of MO's average daily trading volume over the past month, of 5.7 million shares..