Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Arbor Realty Trust Inc (ABR), where a total volume of 31,307 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 138.8% of ABR's average daily trading volume over the past month, of 2.3 million shares..