Notable Tuesday Option Activity: WVE, ITOS, NOW

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Wave Life Sciences Ltd (WVE), where a total volume of 3,747 contracts has been traded thus far today, a contract volume which is representative of approximately 374,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 68% of WVE's average daily trading volume over the past month, of 551,185 shares..