Noteworthy Friday Option Activity: DBI, ELF, RGR

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Designer Brands Inc (DBI), where a total volume of 7,310 contracts has been traded thus far today, a contract volume which is representative of approximately 731,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 70.9% of DBI's average daily trading volume over the past month, of 1.0 million shares..