Noteworthy Wednesday Option Activity: MSG, HES, HBI

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Madison Square Garden Co (MSG), where a total volume of 752 contracts has been traded thus far today, a contract volume which is representative of approximately 75,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 72.2% of MSG's average daily trading volume over the past month, of 104,150 shares..