Notable Friday Option Activity: AAOI, DOCS, INOD

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Applied Optoelectronics Inc (AAOI), where a total volume of 38,437 contracts has been traded thus far today, a contract volume which is representative of approximately 3.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 136% of AAOI's average daily trading volume over the past month, of 2.8 million shares..