Notable Wednesday Option Activity: BTU, HOOD, PII

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Peabody Energy Corp (BTU), where a total volume of 13,286 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.5% of BTU's average daily trading volume over the past month, of 2.4 million shares..