Noteworthy Friday Option Activity: PXD, SPLK, SERV

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Pioneer Natural Resources Co (PXD), where a total volume of 10,086 contracts has been traded thus far today, a contract volume which is representative of approximately 1.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 67.4% of PXD's average daily trading volume over the past month, of 1.5 million shares..