Notable Wednesday Option Activity: PENN, AEO, KURA

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Penn National Gaming Inc (PENN), where a total volume of 53,449 contracts has been traded thus far today, a contract volume which is representative of approximately 5.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.5% of PENN's average daily trading volume over the past month, of 9.0 million shares..