Noteworthy Tuesday Option Activity: SNOW, CIEN, AVID
November 02, 2021 at 15:32 PM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Snowflake Inc (SNOW), where a total volume of 17,368 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 79.3% of SNOW's average daily trading volume over the past month, of 2.2 million shares..