Noteworthy Friday Option Activity: AMD, ETSY, NOC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Advanced Micro Devices Inc (AMD), where a total volume of 565,067 contracts has been traded thus far today, a contract volume which is representative of approximately 56.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 133.4% of AMD's average daily trading volume over the past month, of 42.4 million shares..