Noteworthy Wednesday Option Activity: LLY, NVT, ALB

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Eli Lilly (LLY), where a total volume of 24,376 contracts has been traded thus far today, a contract volume which is representative of approximately 2.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.8% of LLY's average daily trading volume over the past month, of 4.1 million shares..