Notable Monday Option Activity: KATE, PRAA, CFX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Kate Spade & Co (KATE), where a total volume of 22,540 contracts has been traded thus far today, a contract volume which is representative of approximately 2.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 92.7% of KATE's average daily trading volume over the past month, of 2.4 million shares..