Notable Wednesday Option Activity: ELLI, NKTR, F

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Ellie Mae Inc (ELLI), where a total volume of 1,592 contracts has been traded thus far today, a contract volume which is representative of approximately 159,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.3% of ELLI's average daily trading volume over the past month, of 385,870 shares..