Notable Thursday Option Activity: ADBE, FLWS, CLR

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Adobe Inc (ADBE), where a total volume of 23,789 contracts has been traded thus far today, a contract volume which is representative of approximately 2.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 85.3% of ADBE's average daily trading volume over the past month, of 2.8 million shares..