Noteworthy Tuesday Option Activity: RGLD, PBYI, PII

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Royal Gold Inc (RGLD), where a total volume of 3,894 contracts has been traded thus far today, a contract volume which is representative of approximately 389,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.2% of RGLD's average daily trading volume over the past month, of 657,705 shares..