Noteworthy Tuesday Option Activity: CHRS, AVDL, BOX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Coherus BioSciences Inc (CHRS), where a total volume of 34,030 contracts has been traded thus far today, a contract volume which is representative of approximately 3.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 84% of CHRS's average daily trading volume over the past month, of 4.1 million shares..