Noteworthy Wednesday Option Activity: XBIT, EROS, CTSH

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in XBiotech Inc (XBIT), where a total volume of 1,107 contracts has been traded thus far today, a contract volume which is representative of approximately 110,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 99.9% of XBIT's average daily trading volume over the past month, of 110,835 shares..