Noteworthy Friday Option Activity: TCS, THC, URI

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Container Store Group, Inc (TCS), where a total volume of 1,717 contracts has been traded thus far today, a contract volume which is representative of approximately 171,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.8% of TCS's average daily trading volume over the past month, of 307,855 shares..