Notable Thursday Option Activity: PEIX, MBI, VHC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Pacific Ethanol Inc (PEIX), where a total volume of 1,931 contracts has been traded thus far today, a contract volume which is representative of approximately 193,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.6% of PEIX's average daily trading volume over the past month, of 464,510 shares..