Noteworthy Tuesday Option Activity: CIM, POWL, DELL

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Chimera Investment Corp (CIM), where a total volume of 3,280 contracts has been traded thus far today, a contract volume which is representative of approximately 328,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.6% of CIM's average daily trading volume over the past month, of 550,450 shares..