Notable Thursday Option Activity: CZR, AVXL, OFG

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Caesars Entertainment Corp (CZR), where a total volume of 5,885 contracts has been traded thus far today, a contract volume which is representative of approximately 588,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 50% of CZR's average daily trading volume over the past month, of 1.2 million shares..