Noteworthy Tuesday Option Activity: SQ, DKS, PEN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Block Inc (SQ), where a total volume of 61,621 contracts has been traded thus far today, a contract volume which is representative of approximately 6.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 89.5% of SQ's average daily trading volume over the past month, of 6.9 million shares..