Notable Wednesday Option Activity: BTU, BBWI, ENPH

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Peabody Energy Corp (BTU), where a total volume of 17,764 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.4% of BTU's average daily trading volume over the past month, of 3.7 million shares..