Notable Wednesday Option Activity: SRG, CYH, CZR

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Seritage Growth Properties (SRG), where a total volume of 2,596 contracts has been traded thus far today, a contract volume which is representative of approximately 259,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 70.2% of SRG's average daily trading volume over the past month, of 370,055 shares..