Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Procter & Gamble Company (PG), where a total volume of 48,089 contracts has been traded thus far today, a contract volume which is representative of approximately 4.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 72.7% of PG's average daily trading volume over the past month, of 6.6 million shares..