Noteworthy Friday Option Activity: MDP, PRGS, LMAT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Meredith Corp (MDP), where a total volume of 5,693 contracts has been traded thus far today, a contract volume which is representative of approximately 569,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 252.8% of MDP's average daily trading volume over the past month, of 225,185 shares..