Notable Monday Option Activity: LOCO, BOX, ILG

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in El Pollo Loco Holdings Inc (LOCO), where a total volume of 7,835 contracts has been traded thus far today, a contract volume which is representative of approximately 783,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 257.3% of LOCO's average daily trading volume over the past month, of 304,545 shares..