Notable Tuesday Option Activity: MGI, MSTR, AVGO

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (MGI), where a total volume of 7,996 contracts has been traded thus far today, a contract volume which is representative of approximately 799,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 124.3% of MGI's average daily trading volume over the past month, of 643,310 shares..