Notable Wednesday Option Activity: RRGB, MGM, LOW

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Red Robin Gourmet Burgers Inc (RRGB), where a total volume of 1,472 contracts has been traded thus far today, a contract volume which is representative of approximately 147,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.1% of RRGB's average daily trading volume over the past month, of 272,290 shares..