Notable Wednesday Option Activity: CAB, ONCE, NXST

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cabela's Inc (CAB), where a total volume of 4,240 contracts has been traded thus far today, a contract volume which is representative of approximately 424,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.1% of CAB's average daily trading volume over the past month, of 862,980 shares..