Notable Wednesday Option Activity: PEP, JACK, IRT
September 28, 2016 at 15:28 PM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in PepsiCo Inc (PEP), where a total volume of 18,182 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.1% of PEP's average daily trading volume over the past month, of 3.9 million shares..