Noteworthy Thursday Option Activity: HAWK, OUT, FRED

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Blackhawk Network Holdings Inc (HAWK), where a total volume of 10,797 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 220.8% of HAWK's average daily trading volume over the past month, of 488,930 shares..