Notable Friday Option Activity: HOOD, NKE, UPS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Robinhood Markets Inc (HOOD), where a total volume of 135,279 contracts has been traded thus far today, a contract volume which is representative of approximately 13.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.3% of HOOD's average daily trading volume over the past month, of 24.9 million shares..