Noteworthy Wednesday Option Activity: OUTR, IAC, VHC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Outerwall Inc (OUTR), where a total volume of 8,460 contracts has been traded thus far today, a contract volume which is representative of approximately 846,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 148% of OUTR's average daily trading volume over the past month, of 571,470 shares..