Notable Tuesday Option Activity: PLRX, SIG, PNC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Pliant Therapeutics Inc (PLRX), where a total volume of 8,950 contracts has been traded thus far today, a contract volume which is representative of approximately 895,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 159.7% of PLRX's average daily trading volume over the past month, of 560,355 shares..