Notable Friday Option Activity: CMD, BANC, ADT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cantel Medical Corp (CMD), where a total volume of 885 contracts has been traded thus far today, a contract volume which is representative of approximately 88,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.2% of CMD's average daily trading volume over the past month, of 179,770 shares..