Noteworthy Tuesday Option Activity: GAP, LAW, AGEN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in The Gap Inc (GAP), where a total volume of 35,365 contracts has been traded thus far today, a contract volume which is representative of approximately 3.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 75.6% of GAP's average daily trading volume over the past month, of 4.7 million shares..