Notable Tuesday Option Activity: ASC, PZZA, ADBE

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Ardmore Shipping Corp (ASC), where a total volume of 2,620 contracts has been traded thus far today, a contract volume which is representative of approximately 262,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 116.2% of ASC's average daily trading volume over the past month, of 225,435 shares..