Notable Wednesday Option Activity: NBR, PCG, ECPG

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Nabors Industries Ltd (NBR), where a total volume of 4,254 contracts has been traded thus far today, a contract volume which is representative of approximately 425,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 96.8% of NBR's average daily trading volume over the past month, of 439,680 shares..