Notable Friday Option Activity: DRQ, AFL, JCP

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Dril-Quip Inc (NYSE: DRQ), where a total volume of 4,915 contracts has been traded thus far today, a contract volume which is representative of approximately 491,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 98% of DRQ's average daily trading volume over the past month, of 501,470 shares. Particularly high volume wa...