Notable Thursday Option Activity: LULU, ILG, GEF

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in lululemon athletica inc (LULU), where a total volume of 24,936 contracts has been traded thus far today, a contract volume which is representative of approximately 2.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 147.9% of LULU's average daily trading volume over the past month, of 1.7 million shares..