Noteworthy Thursday Option Activity: CVS, PLTR, NKE

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in CVS Health Corporation (CVS), where a total volume of 75,385 contracts has been traded thus far today, a contract volume which is representative of approximately 7.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 51.1% of CVS's average daily trading volume over the past month, of 14.8 million shares..