Noteworthy Thursday Option Activity: GPS, VSM, VMC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in The Gap Inc (GPS), where a total volume of 25,463 contracts has been traded thus far today, a contract volume which is representative of approximately 2.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.5% of GPS's average daily trading volume over the past month, of 5.6 million shares..