Notable Thursday Option Activity: CVX, BLKB, CMRE

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Chevron Corporation (CVX), where a total volume of 38,438 contracts has been traded thus far today, a contract volume which is representative of approximately 3.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 57.7% of CVX's average daily trading volume over the past month, of 6.7 million shares..