Noteworthy Monday Option Activity: GRPN, BIG, COOK

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Groupon Inc (GRPN), where a total volume of 9,366 contracts has been traded thus far today, a contract volume which is representative of approximately 936,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 70.2% of GRPN's average daily trading volume over the past month, of 1.3 million shares..