Notable Thursday Option Activity: PYPL, DIS, KMB

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in PayPal Holdings Inc (PYPL), where a total volume of 61,308 contracts has been traded thus far today, a contract volume which is representative of approximately 6.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.2% of PYPL's average daily trading volume over the past month, of 10.5 million shares..