Notable Thursday Option Activity: BLT, LOCO, RGR

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Blount International Inc (BLT), where a total volume of 48,001 contracts has been traded thus far today, a contract volume which is representative of approximately 4.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 1030.3% of BLT's average daily trading volume over the past month, of 465,905 shares..