Noteworthy Tuesday Option Activity: CMG, ATVI, GOOGL

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Chipotle Mexican Grill Inc (CMG), where a total volume of 6,983 contracts has been traded thus far today, a contract volume which is representative of approximately 698,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 282.2% of CMG's average daily trading volume over the past month, of 247,425 shares..