Notable Wednesday Option Activity: BGCP, ITCI, VSTO

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in BGC Partners Inc - Class A (BGCP), where a total volume of 284,112 contracts has been traded thus far today, a contract volume which is representative of approximately 28.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 1112.3% of BGCP's average daily trading volume over the past month, of 2.6 million shares..