Notable Thursday Option Activity: RL, PAYS, DKS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Ralph Lauren Corp (RL), where a total volume of 14,744 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 226% of RL's average daily trading volume over the past month, of 652,325 shares..