Notable Monday Option Activity: PAYC, LVS, CARS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Paycom Software Inc (PAYC), where a total volume of 2,753 contracts has been traded thus far today, a contract volume which is representative of approximately 275,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.5% of PAYC's average daily trading volume over the past month, of 487,040 shares..