Noteworthy Friday Option Activity: TPB, PTEN, CSCO

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Turning Point Brands Inc (TPB), where a total volume of 556 contracts has been traded thus far today, a contract volume which is representative of approximately 55,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.3% of TPB's average daily trading volume over the past month, of 102,315 shares..