Noteworthy Thursday Option Activity: TEN, NUE, MAT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Tenneco Inc (TEN), where a total volume of 1,620 contracts has been traded thus far today, a contract volume which is representative of approximately 162,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.1% of TEN's average daily trading volume over the past month, of 384,935 shares..