Notable Friday Option Activity: CIEN, RTN, CAT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Ciena Corp (CIEN), where a total volume of 8,681 contracts has been traded thus far today, a contract volume which is representative of approximately 868,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.5% of CIEN's average daily trading volume over the past month, of 2.0 million shares..