Noteworthy Wednesday Option Activity: UPS, SAIA, NVAX
January 05, 2022 at 15:28 PM EST
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in United Parcel Service Inc (UPS), where a total volume of 15,732 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 69.1% of UPS's average daily trading volume over the past month, of 2.3 million shares..