Noteworthy Monday Option Activity: KONA, OVTI, NXST

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Kona Grill Inc (KONA), where a total volume of 4,210 contracts has been traded thus far today, a contract volume which is representative of approximately 421,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 237% of KONA's average daily trading volume over the past month, of 177,670 shares..
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