Noteworthy Wednesday Option Activity: AFRM, MGM, YOU

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Affirm Holdings Inc (AFRM), where a total volume of 37,652 contracts has been traded thus far today, a contract volume which is representative of approximately 3.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.1% of AFRM's average daily trading volume over the past month, of 7.2 million shares..