Noteworthy Thursday Option Activity: XOM, APP, NUE

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Exxon Mobil Corp (XOM), where a total volume of 64,489 contracts has been traded thus far today, a contract volume which is representative of approximately 6.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.9% of XOM's average daily trading volume over the past month, of 13.7 million shares..