Notable Wednesday Option Activity: RLH, PEP, ON

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Red Lions Hotels Corp (RLH), where a total volume of 643 contracts has been traded thus far today, a contract volume which is representative of approximately 64,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.3% of RLH's average daily trading volume over the past month, of 142,095 shares..
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