Notable Wednesday Option Activity: BANC, CECO, EQR

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Banc Of California Inc (BANC), where a total volume of 3,375 contracts has been traded thus far today, a contract volume which is representative of approximately 337,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 70.4% of BANC's average daily trading volume over the past month, of 479,580 shares..