Noteworthy Monday Option Activity: SAVE, MSGS, JBLU

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Spirit Airlines Inc (SAVE), where a total volume of 58,995 contracts has been traded thus far today, a contract volume which is representative of approximately 5.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 71.1% of SAVE's average daily trading volume over the past month, of 8.3 million shares..