Noteworthy Friday Option Activity: TGT, SIRI, JBLU

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Target Corp (TGT), where a total volume of 51,013 contracts has been traded thus far today, a contract volume which is representative of approximately 5.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.1% of TGT's average daily trading volume over the past month, of 9.3 million shares..