Noteworthy Friday Option Activity: TTS, COLM, RH

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Tile Shop Holdings Inc (TTS), where a total volume of 5,622 contracts has been traded thus far today, a contract volume which is representative of approximately 562,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 120.6% of TTS's average daily trading volume over the past month, of 466,075 shares..