Notable Wednesday Option Activity: AYI, GEO, TOCA

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Acuity Brands Inc (AYI), where a total volume of 11,777 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 435% of AYI's average daily trading volume over the past month, of 270,705 shares..