Noteworthy Wednesday Option Activity: AIR, MBI, MCY

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in AAR Corp (AIR), where a total volume of 2,991 contracts has been traded thus far today, a contract volume which is representative of approximately 299,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 113.8% of AIR's average daily trading volume over the past month, of 262,820 shares..