Noteworthy Wednesday Option Activity: CAKE, Z, CVNA

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cheesecake Factory Inc. (CAKE), where a total volume of 9,889 contracts has been traded thus far today, a contract volume which is representative of approximately 988,900 underlying shares (given that every 1 contract represents 100 underlying shares)..