Notable Thursday Option Activity: CBB, LULU, ESTC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cincinnati Bell Inc (CBB), where a total volume of 4,931 contracts has been traded thus far today, a contract volume which is representative of approximately 493,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 107.1% of CBB's average daily trading volume over the past month, of 460,540 shares..