Notable Wednesday Option Activity: CVI, HD, CHEF

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in CVR Energy Inc (CVI), where a total volume of 5,257 contracts has been traded thus far today, a contract volume which is representative of approximately 525,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 63.7% of CVI's average daily trading volume over the past month, of 825,110 shares..