Noteworthy Wednesday Option Activity: APP, NPO, ANAB

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Applovin Corp (APP), where a total volume of 58,522 contracts has been traded thus far today, a contract volume which is representative of approximately 5.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 150% of APP's average daily trading volume over the past month, of 3.9 million shares..