Noteworthy Wednesday Option Activity: PYPL, ACTG, V

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in PayPal Holdings Inc (PYPL), where a total volume of 50,543 contracts has been traded thus far today, a contract volume which is representative of approximately 5.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 73.4% of PYPL's average daily trading volume over the past month, of 6.9 million shares..