Notable Wednesday Option Activity: FYBR, COF, PSFE

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Frontier Communications Parent Inc (FYBR), where a total volume of 41,262 contracts has been traded thus far today, a contract volume which is representative of approximately 4.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 129.4% of FYBR's average daily trading volume over the past month, of 3.2 million shares..