Noteworthy Friday Option Activity: UVE, BCOR, CVM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Universal Insurance Holdings Inc (UVE), where a total volume of 1,424 contracts has been traded thus far today, a contract volume which is representative of approximately 142,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 72.6% of UVE's average daily trading volume over the past month, of 196,180 shares..