Notable Friday Option Activity: LLY, ATEN, FRO

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lilly (Eli) & Co (LLY), where a total volume of 44,518 contracts has been traded thus far today, a contract volume which is representative of approximately 4.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 86.7% of LLY's average daily trading volume over the past month, of 5.1 million shares..