Notable Monday Option Activity: SHAK, PE, SKX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Shake Shack Inc (SHAK), where a total volume of 3,634 contracts has been traded thus far today, a contract volume which is representative of approximately 363,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 50.3% of SHAK's average daily trading volume over the past month, of 722,160 shares..