Notable Wednesday Option Activity: FCX, HUM, RIOT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Freeport-McMoran Copper & Gold (FCX), where a total volume of 58,468 contracts has been traded thus far today, a contract volume which is representative of approximately 5.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 51.1% of FCX's average daily trading volume over the past month, of 11.5 million shares..