Noteworthy Thursday Option Activity: LCUT, CLW, TCX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lifetime Brands Inc (LCUT), where a total volume of 1,580 contracts has been traded thus far today, a contract volume which is representative of approximately 158,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 306.7% of LCUT's average daily trading volume over the past month, of 51,520 shares..