Notable Tuesday Option Activity: GCI, JACK, SGHC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Gannett Co Inc (GCI), where a total volume of 48,816 contracts has been traded thus far today, a contract volume which is representative of approximately 4.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 428.5% of GCI's average daily trading volume over the past month, of 1.1 million shares..