Notable Wednesday Option Activity: GME, KD, REI

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in GameStop Corp (GME), where a total volume of 71,908 contracts has been traded thus far today, a contract volume which is representative of approximately 7.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.9% of GME's average daily trading volume over the past month, of 13.6 million shares..