Noteworthy Tuesday Option Activity: TRIP, MTCH, IAC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Tripadvisor Inc (TRIP), where a total volume of 7,820 contracts has been traded thus far today, a contract volume which is representative of approximately 782,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.6% of TRIP's average daily trading volume over the past month, of 1.8 million shares..