Notable Tuesday Option Activity: ONB, MSTR, PENN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Old National Bancorp (ONB), where a total volume of 6,055 contracts has been traded thus far today, a contract volume which is representative of approximately 605,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 101.6% of ONB's average daily trading volume over the past month, of 595,830 shares..