Noteworthy Thursday Option Activity: FWONA, SGMS, GPRO

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in FWONA (FWONA), where a total volume of 10,696 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 222.7% of FWONA's average daily trading volume over the past month, of 480,260 shares..