Noteworthy Wednesday Option Activity: NGHC, CXW, SJM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in National General Holdings Corp (NGHC), where a total volume of 1,317 contracts has been traded thus far today, a contract volume which is representative of approximately 131,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 60.1% of NGHC's average daily trading volume over the past month, of 219,040 shares..