Noteworthy Wednesday Option Activity: USM, GTT, BOOM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in United States Cellular Corp (USM), where a total volume of 1,524 contracts has been traded thus far today, a contract volume which is representative of approximately 152,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 67.2% of USM's average daily trading volume over the past month, of 226,780 shares..