Notable Friday Option Activity: PFE, LEN, AXP

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Pfizer Inc (PFE), where a total volume of 104,785 contracts has been traded thus far today, a contract volume which is representative of approximately 10.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.6% of PFE's average daily trading volume over the past month, of 23.0 million shares..