Noteworthy Friday Option Activity: FC, BANC, SWN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Franklin Covey Co (FC), where a total volume of 709 contracts has been traded thus far today, a contract volume which is representative of approximately 70,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 51.7% of FC's average daily trading volume over the past month, of 137,090 shares..