Notable Wednesday Option Activity: T, GILD, DDS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in AT&T Inc (T), where a total volume of 95,542 contracts has been traded thus far today, a contract volume which is representative of approximately 9.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.2% of T's average daily trading volume over the past month, of 23.2 million shares..