Noteworthy Monday Option Activity: NNI, REV, XON

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Nelnet Inc (NNI), where a total volume of 1,076 contracts has been traded thus far today, a contract volume which is representative of approximately 107,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 213.5% of NNI's average daily trading volume over the past month, of 50,395 shares..