Noteworthy Friday Option Activity: GSAT, VIR, INTC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Globalstar Inc (GSAT), where a total volume of 56,091 contracts has been traded thus far today, a contract volume which is representative of approximately 5.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 164.7% of GSAT's average daily trading volume over the past month, of 3.4 million shares..