Notable Wednesday Option Activity: NFLX, NVDA, ZM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Netflix Inc (NFLX), where a total volume of 758,579 contracts has been traded thus far today, a contract volume which is representative of approximately 75.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 1795.2% of NFLX's average daily trading volume over the past month, of 4.2 million shares..