Notable Monday Option Activity: MGM, MAR, SLCA
January 04, 2021 at 15:25 PM EST
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MGM Resorts International (MGM), where a total volume of 41,682 contracts has been traded thus far today, a contract volume which is representative of approximately 4.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.9% of MGM's average daily trading volume over the past month, of 7.7 million shares..