Noteworthy Tuesday Option Activity: BAC, SUMO, CPB

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Bank of America Corp (BAC), where a total volume of 225,446 contracts has been traded thus far today, a contract volume which is representative of approximately 22.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.2% of BAC's average daily trading volume over the past month, of 46.7 million shares..