Noteworthy Thursday Option Activity: GFS, ZS, KODK

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in GlobalFoundries Inc (GFS), where a total volume of 12,587 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 76.2% of GFS's average daily trading volume over the past month, of 1.7 million shares..