Noteworthy Thursday Option Activity: PHH, RIG, PENN
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in PHH Corp , where a total volume of 1,631 contracts has been traded thus far today, a contract volume which is representative of approximately 163,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.5% of PHH's average daily trading volume over the past month, of 304,920 shares.