Notable Tuesday Option Activity: SDRL, SCSC, PRU

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Seadrill Ltd (SDRL), where a total volume of 44,998 contracts has been traded thus far today, a contract volume which is representative of approximately 4.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 77% of SDRL's average daily trading volume over the past month, of 5.8 million shares..