Noteworthy Wednesday Option Activity: GPS, AFAM, LL
May 10, 2017 at 15:32 PM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in The Gap Inc (GPS), where a total volume of 18,372 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 40.6% of GPS's average daily trading volume over the past month, of 4.5 million shares..